FINANCIAL ADMINISTRATION MEMORANDUM NO
September 22, 2006
FINANCIAL ADMINISTRATION MEMORANDUM NO. 2006 – 013 (II.G.6.)
To:
Bureau Assistant Directors, Administration
Director, National Business Center
Bureau Finance Officers
Finance Officer, Financial Management Services
Director of Acquisition and Property Management
From: Mona Williams /s/
Focus Leader, Asset and Debt Management
Office of Financial Management
Subject: Home Marketing Incentive
Payments (HMIP) – Revised
The
Federal Register, Volume 62, No. 55, dated
Friday, March 21, 1997, provided authority for agencies to pay a home marketing
incentive. The purpose of a home marketing
incentive payment is to reduce the Government’s relocation costs by encouraging
transferred employees to independently and aggressively market, and successfully
find, a bona fide buyer for their residence while participating in the third
party relocation services program.
The
purpose of this Financial Administration Memorandum (FAM) is to transmit the
attached revised Home Marketing Incentive
Payments memorandum from the Director, Office of Financial Management
dated September 22, 2006, replacing the memorandum signed August 29, 2006. The
attached memorandum modifications are:
- Effective
date based on Travel Authorization date
- Approval
for exception requests redefined
- Detailed
explanation of process to receive HMIP
This
memorandum revises FAM 1997-014 by reducing
the HMIP percentage for all eligible DOI employees transferred for the
benefit of the Government from five (5)
percent to three (3) percent,
not to exceed $10,000.
This
policy applies to all PCS moves wherein the travel authorization is signed on or
after October 1, 2006.
Please direct any questions you may have on this subject to Tamara Peyton on
(202) 208-6227.
Attachments
Director's memo
Home
Marketing Incentive Payments (HMIP) - Revised
Prior Financial Administration Memorandums on this Subject:
No.
06-011 (II.G.6), August 29, 2006 - Cancelled
No. 97-017 (II.G.6), April 11, 1997 – Revised
