94-1787. Renegotiation Board Interest Rate Prompt Payment Interest Rate Contracts Disputes Act

[Federal Register Volume 59, Number 19 (Friday, January 28, 1994)]
[Unknown Section]
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From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1787]


[Federal Register: January 28, 1994]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Renegotiation Board Interest Rate Prompt Payment Interest Rate 
Contracts Disputes Act

    Although the Renegotiation Board is no longer in existence, other 
Federal Agencies are required to use interest rates computed under the 
criteria established by the Renegotiation Act of 1971 (P.L. 92-41). For 
example, the Contracts Disputes Act of 1978 (P.L. 95-563) and the 
Prompt Payment Act (P.L. 97-177) are required to calculate interest due 
on claims at a rate established by the Secretary of the Treasury 
pursuant to Public Law 92-41 (85 Stat. 97) for the Renegotiation Board 
(31 U.S.C. 3902).
    Therefore, notice is hereby given that, pursuant to the above 
mentioned sections, the Secretary of the Treasury has determined that 
the rate of interest applicable for the purpose of said sections, for 
the period beginning January 1, 1994 and ending on June 30, 1994, is 
5\1/2\ per centum per annum.

    Dated: January 14, 1994.
Gerald Murphy,
Fiscal Assistant Secretary.
[FR Doc. 94-1787 Filed 1-27-94; 8:45 am]
BILLING CODE 4810-35-M