B-103157, JULY 5, 1951, 31 COMP. GEN. 5

B-103157: Jul 5, 1951

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SAVINGS BONDS - PURCHASE BY PAY ROLL DEDUCTIONS - USE OF BLANKET FORM OF RECEIPT FOR PORTION OF SALARY REPRESENTED BY PAYMENT IN BONDS THE PROPOSED USE OF A BLANKET FORM OF RECEIPT FOR SALARY AND RELEASE FROM CLAIM IN THE PURCHASE OF UNITED STATES SAVINGS BONDS BY AN EMPLOYEE IN THE NAME OF ANOTHER PERSON THROUGH PAY ROLL DEDUCTIONS WILL FURNISH ADEQUATE ACQUITTANCE TO THE GOVERNMENT FOR PAYMENT TO THE EMPLOYEE OF THE PORTION OF HIS SALARY REPRESENTED BY THE PAYMENT IN BONDS AND ELIMINATE THE RECEIPT FOR SALARY NOW REQUIRED EACH TIME A BOND IS ISSUED. 21 COMP. 1951: REFERENCE IS MADE TO LETTER OF MARCH 1. " EACH TIME A BOND IS ISSUED IN THE NAME OF A PERSON OTHER THAN THE EMPLOYEE IN ACCORDANCE WITH THE EMPLOYEE'S PREVIOUSLY FURNISHED AUTHORIZATION.

B-103157, JULY 5, 1951, 31 COMP. GEN. 5

SAVINGS BONDS - PURCHASE BY PAY ROLL DEDUCTIONS - USE OF BLANKET FORM OF RECEIPT FOR PORTION OF SALARY REPRESENTED BY PAYMENT IN BONDS THE PROPOSED USE OF A BLANKET FORM OF RECEIPT FOR SALARY AND RELEASE FROM CLAIM IN THE PURCHASE OF UNITED STATES SAVINGS BONDS BY AN EMPLOYEE IN THE NAME OF ANOTHER PERSON THROUGH PAY ROLL DEDUCTIONS WILL FURNISH ADEQUATE ACQUITTANCE TO THE GOVERNMENT FOR PAYMENT TO THE EMPLOYEE OF THE PORTION OF HIS SALARY REPRESENTED BY THE PAYMENT IN BONDS AND ELIMINATE THE RECEIPT FOR SALARY NOW REQUIRED EACH TIME A BOND IS ISSUED. 21 COMP. GEN. 942, MODIFIED.

COMPTROLLER GENERAL WARREN TO THE SECRETARY OF AGRICULTURE, JULY 5, 1951:

REFERENCE IS MADE TO LETTER OF MARCH 1, 1951, FROM THE ACTING DIRECTOR OF FINANCE, SUBMITTING FOR THE CONSIDERATION OF THIS OFFICE AN EMPLOYEE SUGGESTION PROPOSING THAT EXISTING PROCEDURES WHICH REQUIRE AN EMPLOYEE TO EXECUTE A FORM OF RECEIPT FOR SALARY AND RELEASE FROM CLAIM," RECEIPT FOR SALARY PAYMENT IN UNITED STATES SAVINGS BONDS," EACH TIME A BOND IS ISSUED IN THE NAME OF A PERSON OTHER THAN THE EMPLOYEE IN ACCORDANCE WITH THE EMPLOYEE'S PREVIOUSLY FURNISHED AUTHORIZATION, BE AMENDED TO AUTHORIZE THE USE OF A BLANKET FORM OF RECEIPT FOR SALARY AND RELEASE FROM CLAIM, SAME TITLE AS ABOVE, SUCH DOCUMENT TO REMAIN IN EFFECT UNTIL THE AUTHORIZATION IS EITHER CHANGED OR TERMINATED.

A CAREFUL STUDY OF THE MATTER INDICATES THAT THE SUGGESTION IS A MERITORIOUS ONE AND THAT A SAVING TO THE GOVERNMENT WOULD RESULT IN THE ADOPTION OF THE PROPOSED FORM, AND INASMUCH AS THE PROCEDURE INVOLVING ITS USE APPEARS TO FURNISH ADEQUATE ACQUITTANCE TO THE GOVERNMENT FOR PAYMENT TO THE EMPLOYEE OF THAT PORTION OF HIS SALARY REPRESENTED BY PAYMENT IN BONDS, THIS OFFICE WILL NOT OBJECT TO THE USE BY THE DEPARTMENT OF THE SUGGESTED FORM. TREASURY DEPARTMENT FORM NO. 2254 WOULD ACCOMPLISH THE SAME RESULT BY ELIMINATING THE WORDS "TO ME" FROM THE END OF THE SECOND SENTENCE OF THE EMPLOYEE'S STATEMENT OF AUTHORIZATION AND ADDING TO THE LAST SENTENCE THEREOF THE FOLLOWING: ,AND I HEREBY RELEASE THE FEDERAL GOVERNMENT FROM ANY CLAIM FOR DEDUCTIONS FROM MY SALARY MADE PURSUANT TO THIS AUTHORIZATION.'