Notice2024-07154
Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 4, 2024
Issuing agencies
Treasury Department
Abstract
For the period beginning April 1, 2024, and ending on June 30, 2024, the U.S. Immigration and Customs Enforcement Immigration Bond interest rate is 3 per centum per annum.
Full Text
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<title>Federal Register, Volume 89 Issue 66 (Thursday, April 4, 2024)</title>
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[Federal Register Volume 89, Number 66 (Thursday, April 4, 2024)]
[Notices]
[Pages 23636-23637]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-07154]
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DEPARTMENT OF THE TREASURY
Interest Rate Paid on Cash Deposited To Secure U.S. Immigration
and Customs Enforcement Immigration Bonds
AGENCY: Departmental Offices, Treasury.
ACTION: Notice.
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SUMMARY: For the period beginning April 1, 2024, and ending on June 30,
2024, the U.S. Immigration and Customs Enforcement Immigration Bond
interest rate is 3 per centum per annum.
DATES: Rates are applicable April 1, 2024, to June 30, 2024.
ADDRESSES: Comments or inquiries may be mailed to Will Walcutt,
Supervisor, Funds Management Branch, Funds Management Division, Fiscal
Accounting, Bureau of the Fiscal Services, Parkersburg, West Virginia
26106-1328.
You can download this notice at the following internet addresses:
<<a href="http://www.treasury.gov">http://www.treasury.gov</a>> or <<a href="http://www.federalregister.gov">http://www.federalregister.gov</a>>.
FOR FURTHER INFORMATION CONTACT: Ryan Hanna, Manager, Funds
[[Page 23637]]
Management Branch, Funds Management Division, Fiscal Accounting, Bureau
of the Fiscal Service, Parkersburg, West Virginia 261006-1328 (304)
480-5120; Will Walcutt, Supervisor, Funds Management Branch, Funds
Management Division, Fiscal Accounting, Bureau of the Fiscal Services,
Parkersburg, West Virginia 26106-1328, (304) 480-5117.
SUPPLEMENTARY INFORMATION: Federal law requires that interest payments
on cash deposited to secure immigration bonds shall be ``at a rate
determined by the Secretary of the Treasury, except that in no case
shall the interest rate exceed 3 per centum per annum.'' 8 U.S.C.
1363(a). Related Federal regulations state that ``Interest on cash
deposited to secure immigration bonds will be at the rate as determined
by the Secretary of the Treasury, but in no case will exceed 3 per
centum per annum or be less than zero.'' 8 CFR 293.2. Treasury has
determined that interest on the bonds will vary quarterly and will
accrue during each calendar quarter at a rate equal to the lesser of
the average of the bond equivalent rates on 91-day Treasury bills
auctioned during the preceding calendar quarter, or 3 per centum per
annum, but in no case less than zero. [FR Doc. 2015-18545]. In addition
to this Notice, Treasury posts the current quarterly rate in Table 2b--
Interest Rates for Specific Legislation on the Treasury Direct website.
The Deputy Assistant Secretary for Public Finance, Gary Grippo,
having reviewed and approved this document, is delegating the authority
to electronically sign this document to Heidi Cohen, Federal Register
Liaison for the Department, for purposes of publication in the Federal
Register.
Heidi Cohen,
Federal Register Liaison.
[FR Doc. 2024-07154 Filed 4-3-24; 8:45 am]
BILLING CODE 4810-25-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.