[Federal Register Volume 63, Number 125 (Tuesday, June 30, 1998)]
[Notices]
[Page 35645]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17475]
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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 July 1, 1998 and ending on December
31, 1998 the prompt payment interest rate is 6% (6) per centum per
annum.
DATES: This notice announces the interest rate applicable for the July
1, 1998 to December 31, 1998 period.
ADDRESSES: Comments or inquiries may be mailed to Sandra K. Jones, 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.
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, Sandra K.
Jones, Team Leader, Debt Accounting Branch, Office of Public Debt
Accounting, Bureau of the Public Debt, (304) 480-5174, Edward C.
Gronseth, Deputy Chief Counsel, Office of the Chief Counsel, Bureau of
the Public Debt, (304) 480-5192, or Brenda L. Hoffman, Attorney-
Adviser, Office of the Chief Counsel, Bureau of the Public Debt, (304)
480-5198.
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 July 1, 1998 and ending on December 31, 1998, is 6
per centum per annum.
Dated: June 25, 1998.
Donald V. Hammond,
Acting Fiscal Assistant Secretary.
[FR Doc. 98-17475 Filed 6-26-98; 12:56 pm]
BILLING CODE 4810-39-P