Volume 86 · 506
Public Law 92–366
To extend the authority of agency heads to draw checks in favor of financial organizations to other classes of recurring payments, and for other purposes.
Approved August 7, 1972
Statutory text
AN ACT
To extend the authority of agency heads to draw checks in favor of financial organizations to other classes of recurring payments, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 3620 of the Revised Statutes, as amended (31 U.S.C. 492), is amended by adding below subsection (c) thereof the following new subsection:
“(d) Extension of Authorization for Drawing Checks in Favor of Financial Organizations to Other Classes of Recurring Payments.—
Procedures authorized in subsection (b) of this section, for the making of a payment in the form of a check drawn in favor of a financial organization, may be extended to any class of recurring payments, upon the written request of the person to whom payment is to be made and in accordance with regulations to be prescribed by the Secretary of the Treasury under authority of such subsection.”
Approved August 7, 1972.