
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 31USC3720]

 
                       TITLE 31--MONEY AND FINANCE
 
                   SUBTITLE III--FINANCIAL MANAGEMENT
 
                           CHAPTER 37--CLAIMS
 
          SUBCHAPTER II--CLAIMS OF THE UNITED STATES GOVERNMENT
 
Sec. 3720. Collection of payments

    (a) Each head of an executive agency (other than an agency subject 
to section 9 of the Act of May 18, 1933 (48 Stat. 63, chapter 32; 16 
U.S.C. 831h)) shall, under such regulations as the Secretary of the 
Treasury shall prescribe, provide for the timely deposit of money by 
officials and agents of such agency in accordance with section 3302, and 
for the collection and timely deposit of sums owed to such agency by the 
use of such procedures as withdrawals and deposits by electronic 
transfer of funds, automatic withdrawals from accounts at financial 
institutions, and a system under which financial institutions receive 
and deposit, on behalf of the executive agency, payments transmitted to 
post office lockboxes. The Secretary is authorized to collect from any 
agency not complying with the requirements imposed pursuant to the 
preceding sentence a charge in an amount the Secretary determines to be 
the cost to the general fund caused by such noncompliance.
    (b) The head of an executive agency shall pay to the Secretary of 
the Treasury charges imposed pursuant to subsection (a). Payments shall 
be made out of amounts appropriated or otherwise made available to carry 
out the program to which the collections relate. The amounts of the 
charges paid under this subsection shall be deposited in the Cash 
Management Improvements Fund established by subsection (c).
    (c) There is established in the Treasury of the United States a 
revolving fund to be known as the ``Cash Management Improvements Fund''. 
Sums in the fund shall be available without fiscal year limitation for 
the payment of expenses incurred in developing the methods of collection 
and deposit described in subsection (a) of this section and the expenses 
incurred in carrying out collections and deposits using such methods, 
including the costs of personal services and the costs of the lease or 
purchase of equipment and operating facilities.

(Added Pub. L. 98-369, div. B, title VI, Sec. 2652(a)(1), July 18, 1984, 
98 Stat. 1152.)


                               Regulations

    Section 2652(a)(3) of Pub. L. 98-369 provided that: ``The Secretary 
of the Treasury shall prescribe regulations, including regulations under 
section 3720 of title 31, United States Code, designed to achieve by 
October 1, 1986, full implementation of the purposes of this 
subsection.''
