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Treasury Order 145-10

DATE:  October 29, 1998

REAFFIRMED: March 14, 2012

SUBJECT:    Remission or Waiver of Liquidated Damages
1.    By virtue of authority vested in the Secretary of the Treasury, including the authority in 31 U.S.C. § 321 (b), I hereby delegate to the Commissioner, Financial Management Service, (the “Commissioner”), the authority of the Secretary:
      a.    upon a recommendation from the head of a contracting agency, to remit or waive all or part, as in his discretion may be just and equitable, of liquidated damages for delay assessed against a contractor, in conformity with provisions of 10 U.S.C. § 2312 or 41 U.S.C. § 256a; and
      b.    to exercise any right or power, make any finding or determination, or perform any duty or obligation which the Secretary is authorized to exercise, make or perform under 10 U.S.C. § 2312 and 41 U.S.C. § 256a.
2.    The authority delegated to the Commissioner by paragraph 1 further includes any matter in which the Secretary’s authority to remit or waive liquidated damages under the cited statutes is premised upon the delegation to the Secretary from the Acting Director, Office of Management and Budget, set forth in the Acting Director’s “Determination with Respect to Transfer of Functions Pursuant to Public Law 104-53,” dated June 28, 1996.
3.    The Commissioner may redelegate in writing within the Financial Management Service the authority delegated by this order.
                                    Robert E. Rubin
                                    Secretary of the Treasury


Last Updated: 3/15/2012 10:41 AM

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