Wire Transfer

Zusammenfassung

The Office of Surface Mining Reclamation and Enforcement (OSM) of the U.S. Department of the Interior (DOI) is amending its regulations governing abandoned mine land (AML) reclamation fee payments. The revised rule establishes a new dollar threshold of $25,000 or more for quarterly fee payments made by electronic transfer of funds to the Treasury Financial Communications System (TFCS) or other electronic fund transfer mechanisms approved by the U.S. Department of the Treasury. The increased use of the electronic transfer of funds by those making reclamation fee payments will allow the Department to expedite and streamline its fee collection efforts.