TREASURY DIRECTIVE 16-34

Date: December 21, 1992

Sunset Review: TBD

Expiration Date: TBD

SUBJECT: Sureties and Surety Bonds

1. DELEGATION. By virtue of the authority vested in the Secretary under 31 U.S.C. 321(b), and by virtue of the authority delegated to the Fiscal Assistant Secretary by Treasury Order (TO) 101-05, the authority of the Secretary of the Treasury under Chapter 93 of Title 31, United States Code (31 U.S.C. 9301 et seq. ), "Sureties and Surety Bonds," is hereby delegated to the Commissioner, Financial Management Service, together with the authority to issue regulations to carry out those responsibilities. Any regulations shall be issued in accordance with the procedures set forth in Treasury Directive (TD) 28-01, "Preparation and Review of Regulations."

2. REFERENCE. 31 CFR Parts 223, 224, and 225.

3. AUTHORITY. TO 101-05, "Reporting Relationships and Supervision of Officials, Offices and Bureaus, Delegation of Certain Authority, and order of Succession in the Department of the Treasury."

4. CANCELLATION. TD 16-34, "Sureties and Surety Bonds," dated September 22, 1986, is superseded.

5. OFFICE OF PRIMARY INTEREST. Office of the Fiscal Assistant Secretary.