[Federal Register Volume 62, Number 250 (Wednesday, December 31, 1997)]
[Notices]
[Page 68356]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-34049]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Renegotiation Board Interest Rate; Prompt Payment Interest Rate; 
Contract Disputes Act

AGENCY: Bureau of the Public Debt, Fiscal Service, Treasury.

ACTION: Notice.

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SUMMARY: For the period beginning January 1, 1998 and ending on June 
30, 1998 the prompt payment interest rate is 6.25% (6 1/4) per centum 
per annum.

ADDRESSES: Comments or inquiries may be mailed to Cynthia Winters, Team 
Leader, Debt Accounting Branch, Office of Public Debt Accounting, 
Bureau of the Public Debt, Parkersburg, West Virginia, 26106-1328. A 
copy of this Notice will be made available for downloading from the 
http://www.publicdebt.treas.gov.

DATES: This notice announces the interest rate applicable for the 
January 1, 1998 to June 30, 1998 period.

FOR FURTHER INFORMATION CONTACT: Stephanie Brown, Debt Accounting 
Branch Manager, Office of Public Debt Accounting, Bureau of the Public 
Debt, Parkersburg, West Virginia, 26106-1328, (304) 480-5171, Cynthia 
Winters, Team Leader, Debt Accounting Branch, Office of Public Debt 
Accounting, Bureau of the Public Debt, (304) 480-5174, or Elizabeth S. 
Gracia, Attorney-Adviser, Office of the Chief Counsel, Bureau of the 
Public Debt, (304) 480-5187.

SUPPLEMENTARY INFORMATION: 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 Sec. 2, Pub.L. 92-41, 85 Stat. 97. For 
example, the Contract Disputes Act of 1978 Sec. 12, Pub.L. 95-563, 92 
Stat. 2389 and the Prompt Payment Act of 1982 Sec. 2, Pub.L. 97-177, 96 
Stat. 85 provide for the calculation of interest due on claims at a 
rate established by the Secretary of the Treasury pursuant to 31 U.S.C. 
3902(a).
    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, 1998 and ending on June 30, 1998, is 6 
1/4 per centum per annum.

    Dated: December 23, 1997.
Donald V. Hammond,
Deputy Fiscal Assistant Secretary.
[FR Doc. 97-34049 Filed 12-24-97; 10:44 am]
BILLING CODE 4810-39-P