[Federal Register: January 7, 1997 (Volume 62, Number 4)]
[Notices]               
[Page 1023]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr07ja97-103]

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DEPARTMENT OF THE TREASURY

Fiscal Service

 
Renegotiation Board Interest Rate; Prompt Payment Interest Rate; 
Contract Dispute 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 (P.L. 92-41). For 
example, the Contract Dispute Act of 1978 (P.L. 95-563) and the Prompt 
Payment Act (P.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, 1997 and ending on June 30, 1997, is 
6\3/8\ percentum per annum.

    Dated: December 27, 1996.
Donald V. Hammond,
Deputy Fiscal Assistant Secretary.
[FR Doc. 97-199 Filed 1-6-97; 8:45 am]
BILLING CODE 4810-35-M