[Federal Register Volume 61, Number 7 (Wednesday, January 10, 1996)]
[Notices]
[Page 763]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-344]



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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 (Pub. L. 92-41). 
For example, the Contracts Disputes Act of 1978 (Pub. L. 95-563) and 
the Prompt Payment Act (Pub. L. 97-177) provide for the calculation of 
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, 1996 and ending on June 30, 1996, is 
5\7/8\% per centum per annum.

    Dated: January 3, 1996.
John Kilcoyne,
Acting Deputy, Fiscal Assistant Secretary.
[FR Doc. 96-344 Filed 1-9-96; 8:45 am]
BILLING CODE 4810-35-M