FEDERAL · 31 U.S.C. · Chapter 33

Electronic benefit transfer pilot

Current through Pub. L. 119-102
Title 31Money and Finance·Ch. 33 — DEPOSITING, KEEPING, AND PAYING MONEY·Subch. II
(a)The Congress finds that:
(1)Electronic benefit transfer (EBT) is a safe, reliable, and economical way to provide benefit payments to individuals who do not have an account at a financial institution.
(2)The designation of financial institutions as financial agents of the Federal Government for EBT is an appropriate and reasonable use of the Secretary's authority to designate financial agents.
(3)A joint federal-state 1 EBT system offers convenience and economies of scale for those states 1 (and their citizens) that wish to deliver 1 state-administered benefits on a single card by entering into a partnership with the federal 1 government.1
(4)The Secretary's designation of a financial agent to deliver EBT is a specialized service not available through ordinary business channels and

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Related

§ 6501
31 U.S.C. § 6501

Source Credit

History

(Added Pub. L. 104–208, div. A, title I, §101(f) [title VI, §664], Sept. 30, 1996, 110 Stat. 3009–314, 3009–385.)