95-8. Renegotiation Board Interest Rate, Prompt Payment Interest Rate, and Contracts Disputes Act
[Federal Register Volume 60, Number 2 (Wednesday, January 4, 1995)]
[Notices]
[Pages 530-531]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8]
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DEPARTMENT OF THE TREASURY
Fiscal Service
Renegotiation Board Interest Rate, Prompt Payment Interest Rate,
and 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
[[Page 531]] sections, for the period beginning January 1, 1995 and
ending on June 30, 1995, is 8\1/8\% per centum per annum.
Dated: December 27, 1994.
Marcus Page,
Acting Fiscal Assistant Secretary.
[FR Doc. 95-8 Filed 1-3-95; 8:45 am]
BILLING CODE 4810-35-M
Document Information
- Published:
- 01/04/1995
- Department:
- Fiscal Service
- Entry Type:
- Notice
- Document Number:
- 95-8
- Pages:
- 530-531 (2 pages)
- PDF File:
-
95-8.pdf