[Federal Register Volume 61, Number 140 (Friday, July 19, 1996)]
[Page 37794]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-18336]


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 July 1, 1996 and ending on December 31, 1996, is 
7% per centum per annum.

    Dated: July 15, 1996.
Russell D. Morris,
Acting Fiscal Assistant Secretary.
[FR Doc. 96-18336 Filed 7-18-96; 8:45 am]