[Federal Register Volume 62, Number 126 (Tuesday, July 1, 1997)]
[Notices]
[Page 35541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17307]


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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, 1997 and ending on December 
31, 1997, the prompt payment interest rate is 6.75% (6\3/4\ 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 July 
1, 1997 to December 31, 1997 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) 480-5198.

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 Section 2, Public Law 92-41, 85 Stat. 97. For 
example, the Contract Disputes Act of 1978 Sec. 12, Public Law 95-563, 
92 Stat. 2389 and the Prompt Payment Act of 1982 Section 2, Public Law 
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, 1997 and ending on December 31, 1997, is 
6\3/4\ per centum per annum.

    Dated: June 26, 1997.
Donald V. Hammond,
Deputy Fiscal Assistant Secretary.
[FR Doc. 97-17307 Filed 6-30-97; 8:45 am]
BILLING CODE 4810-39-P