Skip to main content

Comments on H.R. 5745 and H.R. 6412

B-207224 Published: Sep 20, 1982. Publicly Released: Jun 04, 1985.
Jump To:
Skip to Highlights

Highlights

Pursuant to a congressional request, GAO discussed H.R. 5745 and H.R. 6412 which, if enacted, would provide that checks drawn on the Treasury must be presented for payment within 6 months of the date of issuance. GAO stated that the cost effectiveness of the proposed legislation should be determined before any implementation action is taken. GAO suggested that, if the practical and economic benefits to the government justify imposition of a fixed time period for payment of various government-issued checks, then adoption of a single time period for payment of all government-issued checks would be warranted to prevent confusion and permit uniform handling by the public, banks, and government agencies.

Office of Public Affairs

Topics

Check disbursement or controlCost controlFunds managementPaymentsProposed legislationBudget reconciliationBankingGovernment operations