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B-112924-O.M. 1 (1973-07-06)

handle is hein.gao/gaobadwbc0001 and id is 1 raw text is: ~5~ moramdum 977 *~7 _ 106 O.-- General Counsel / IT DIGESTr - . SROM A-ssociate Director, FGMS Division - Harry C. Kensky SU sUBJECT:. Use of deposit fund symbol 20X6045, Proceeds and Payments of Certain Unpaid Checks 31 U.S.C. 132 (b) provides that the amount of all checks drawn .by authorized disbursing officers on designated depositaries which have not been paid by the ;,z' close of the-fiscal year following the fiscal year in which the cheeks were issued shall be withdrawn from the ' depositaries and deposited with the Treasurer of the- United States. Claims for the proceeds of the unpaid i checks are to be paid by checks drawn on the Treasurer i, pursuant to settlement action by the General Accounting -, Office. The Department of -the Treasury has established 5 deposit fund symbol 20X6045, Proceeds and Payments of Certain Unpaid Checks, for these purposes. Under procedures esrblished more than 10 years ago by officials of Treasuiyand our Cffice, requests from '-'United States Disbursing Officers (USDOs) to approve _,,withdrawals of amounts'previously, deposited into 20X6045 tare referred to our Office. These requests'are made to, adjust the USDOs' accounts because (I). depositaries i:located in foreign countries honorer- and paid checks :drawn on them 'after the checks became uncurrent and the amounts thereof transferred into 20X6045, (2) there were,... .duplicate recordings of transfers of proceeds of checks to 20X6045, and (3).. the proceeds of the. checks'were'.. subsequent-ly determined not to be due to thepayees. Accordingly., GAO routinely prepared. and sent to Treasury AStandard Form 1081s, Voucher and Schedule of 'Withdrawals and Credits, authorizing it to withdraw the 'amounts requested from 20X6045 and to .is.sue checks to the USDOs. . ~ 4 A ~ ~r A;. A *~* ~ A~iAA'~AV ' .' '~*~t* A'. '.... - V SW.

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