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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 1 - Federal Acquisition Regulation |
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SubChapter E - General Contracting Requirements |
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Part 32 - Contract Financing |
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Subpart 32.6 - Contract Debts |
§ 32.608-1 - Interest charges.
Latest version.
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32.608-1 Interest charges.
Unless specified otherwise in the clause at 52.232-17, Interest, interest charges shall apply to any contract debt unpaid after 30 days from the issuance of a demand unless -
(a) The contract is a kind excluded under 32.611; or
(b) The contract or debt has been exempted from interest charges under agency procedures.