Search Results for keywords:"Compromise of Debts"

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Search Results: keywords:"Compromise of Debts"

  • Type:Notice
    Citation:86 FR 4169
    Reading Time:about a minute or two

    The Department of State has issued a delegation of authority allowing the Associate Comptroller to handle various duties related to debt collection and managing claims against debtors of the department. This delegation includes tasks such as collection, compromise, and suspension of debts, as well as the settlement and waiver of claims, under certain U.S. laws and previous authorities. The Secretary of State and other high-ranking officials retain the right to perform these functions themselves and cannot re-delegate these powers further. This delegation of authority is required to be published in the Federal Register.

    Simple Explanation

    The Department of State has given one of their important workers, called the Associate Comptroller, the job of taking care of money that people owe them and deciding what to do if someone can’t pay. However, if the big bosses want, they can still do these tasks themselves, but they can’t give this power to anyone else again.