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115308 1 (1981-05-13)

handle is hein.gao/gaobadysp0001 and id is 1 raw text is: 





       UNITED STATES GENERAL ACCOUNTING OFFICE
               WASHINGTON, D.C. 20548


                                  FOR RELEASE ON DELIVERY
                                  EXPECTED BY 2:30 AM
                                  WEDNESDAY, MAY 13, 1981




                   STATEMENT OF               11111 IIll III
                                                 115308
               DONALD L. SCANTLEBURY
    DIVISION DIRECTOR AND CHIEF ACCOUNTANT OF GAO
    ACCOUNTING AND FINANCIAL MANAGEMENT DIVISION

                    BEFORE THE

        SUBCOMMITTEE ON FEDERAL EXPENDITURES,
                 RESEARCH AND RULES

                      OF THE

      SENATE COMMITTEE ON GOVERNMENTAL AFFAIRS

                        ON

IMPROVING THE GOVERNMENT'S BILL PAYMENT PERFORMANCE


Mr. Chairman and Members of the Subcommittee:

     It is our pleasure to appear before you today to discuss

the Federal Government's bill payment performance and the

potential impact of the legislation before you. The legis-

lation would require the Federal Government to pay interest

on overdue payments and to take early payment discounts only

when timely payment is made. It would also provide for Con-

gressional oversight of Federal bill payment performance.

GAO REVIEW OF GOVERNMENT BILL PAYING

     As you know, over 3 yeart ago, we reviewed the Govern-

ment's bill payment performance. We conducted this review

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