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July 8, 2008

FINANCIAL ADMINISTRATION MEMORANDUM NO. 2008-009 (II.J.)

To:      Bureau Assistant Directors, Administration
         Director, National Business Center
         Bureau Finance Officers
         Director, Office Acquisition and Property Management

From:    Michael Powers /s/
         Associate Director
         Office of Financial Management
         
Subject: Prompt Payment Interest Rate

Attached is a copy of the Federal Register. Volume 73. No. 127. page 37529, dated
July 1, 2008, which contains the new prompt payment interest rale. For the period
beginning July 1, 2008, and ending on December 31, 2008, the prompt payment is 5 1/8
per centum per annum.

Should you have any questions on this subject, please contact Michael Anthony on
(202) 208-6824.

Attachment

Prior Financial Administration
Memorandums on this Subject:

No. 2008-001 (II.J.), January 10. 2008 - Active
No. 2007-010 (11.J.), July 12, 2007 - Active
No. 2007-002 (11.J.), January 05, 2007 - Active