Regulations Governing the Handling of Return of Revenues and Recovery of Expenditures of the National Treasury Article 2

If any revenue funds paid into the National Treasury deposit account should be returned in whole or in part because the agency that originally received the funds (the "recipient agency") has discovered that they were received in error or because the return of the funds is required based on a law or regulation, the procedures for handling the return of the funds are as follows:1. The recipient agency shall complete a Statement of Return of Revenue to have the returnable funds transferred to the special agency account of the recipient agency, or have the returnable funds reclassified in the National Treasury deposit account under the agency's account title "Treasury Funds - Revenue that is Funds Held in Custody or Collected for Others."2. If the recipient agency will have the returnable funds transferred to its special agency account, it shall complete a special agency account deposit receipt, and send it, along with the Statement of Return of Revenue, to the Treasury agent bank or institution to have the transfer carried out. It furthermore shall issue to the original payer a check for the returnable funds drawn on its special agency account, or directly transfer the returnable funds to an account designated by the original payer.3. If the recipient agency will have the returnable funds reclassified in the National Treasury deposit account under the title "Treasury Funds - Revenue that is Funds Held in Custody or Collected for Others," it shall complete a National Treasury Paying-In Slip and send it, along with the Statement of Return of Revenue, to the Treasury agent bank or institution to carry out the account transfer. It furthermore shall issue a payment voucher and send it to the National Treasury Administration, Ministry of Finance, which shall issue a National Treasury check for the returnable funds and deliver it to the original payer, or transfer the returnable funds to an account designated by the original payer.In the procedures for return of revenue under subparagraph 3 of the preceding paragraph, the transmission of the Paying-In Slip and Statement of Return of Revenue to the National Treasury Administration, Ministry of Finance for purposes of the account transfer may be done via the Internet using electronic signatures.The recipient agency shall send the specimen seal card of the agency's chief officer or the chief officer's authorized signatory personnel to the Treasury agent bank or institution that handles the refund to keep on record for verification purposes, and shall do the same in the event of any change with respect to the seal.