[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR1261.501]



[Page 354]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1261_PROCESSING OF MONETARY CLAIMS (GENERAL)--Table of Contents

 

             Subpart 1261.5_Administrative Offset of Claims

 

Sec. 1261.501  Definition.



    Administrative offset--the term, as defined in 31 U.S.C. 3701(a)(1), 

means ``withholding money payable by the United States Government to, or 

held by the Government for, a person to satisfy a debt the person owes 

the Government.''