46 CFR 505.2

§ 505.2 Definitions.

United States · 46 CFR — Shipping · Status: effective

Cite this

Citation: 46 CFR 505.2, § 505.2 Definitions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/232811
Permanent ID: ys:prov:232811@1
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Full text

(a) Administrative offset, 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. (b) Person includes a natural person or persons, profit or non-profit corporation, partnership, association, trust, estate, consortium, or other entity which is capable of owing a debt to the United States Government except that agencies of the United States, or of any State or local government shall be excluded.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.