Prompt Payment Act Interest Rate
Renegotiation Board Interest Rate; Prompt Payment Act Interest Rate; Contract Dispute Act Interest Rate
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 interest due on claims at a rate established by the Secretary of the Treasury pursuant to 31 U.S.C. § 3902(a).
For the period beginning July 1, 2009 and ending December 31, 2009, the rate of interest applicable for the purpose of the cited sections is 4.875% (4.875 per centum) per annum. The rate of interest was published in the Federal Register Volume 74, Number 126, page 31794 on Thursday, July 2, 2009.
(Updated July 1, 2009)
| Previous Rates | ||
|---|---|---|
| Period | Rate | Federal Register |
| Jan 09 - Jun 09 | 5-5/8% | Vol. 73 #250, 12/30/08, pages 79977-79978 |
| Jul 08 - Dec 08 | 5-1/8% | Vol. 73 #127, 07/01/08, page 37529 |
| Jan 08 - Jun 08 | 4-3/4% | Vol. 72 #249, Monday, 12/31/07, page 74408 |
| Jul 07 - Dec 07 | 5-3/4% | Vol. 72 #125, Friday, 06/29/07, pages 35742-35743 |
| Jan 07 - Jun 07 | 5-1/4% | Vol. 71 #250, Friday, 12/29/06, pages 78513-78514 |
| Jul 06 - Dec 06 | 5-3/4% | Vol. 71 #126, Friday, 06/30/06, pages 37638-37639 |
| Jan 06 - Jun 06 | 5-1/8% | Vol. 70 #247, Tuesday, 12/27/05, page 76497 |
| Jul 05 - Dec 05 | 4-1/2% | Vol. 70 #126, Friday, 07/01/05, page 38253 |
| Jan 05 - Jun 05 | 4-1/4% | Vol. 69 #250, Thursday, 12/30/04, pages 78522-78523 |
| Jul 04 - Dec 04 | 4-1/2% | Vol. 69 #124, Tuesday, 06/29/04, pages 38952-38953 |
| Jan 04 - Jun 04 | 4% | Vol. 68 #249, Tuesday, 12/30/03, page 75317 |
| Jul 03 - Dec 03 | 3-1/8% | Vol. 68 #126, Tuesday, 07/01/03, page 39185 |
| Jan 03 - Jun 03 | 4-1/4% | Vol. 67 #247, Tuesday, 12/24/02, page 78566 |
| Jul 02 - Dec 02 | 5-1/4% | Vol. 67 #126, Monday, 07/01/02, page 44264 |
| Jan 02 - Jun 02 | 5-1/2% | Vol. 66 #249, Friday, 12/28/01, page 67366 |
| Jul 01 - Dec 01 | 5-7/8% | Vol. 66 #127, Monday, 07/02/01, page 34990 |
| Jan 01 - Jun 01 | 6-3/8% | Vol. 65 #250, Thursday, 12/28/00, page 82457 |
| Jul 00 - Dec 00 | 7-1/4% | Vol. 65 #127, Friday, 06/30/00, page 40727 |
| Jan 00 - Jun 00 | 6-3/4% | Vol. 64 #245, Wednesday, 12/22/99, page 71851 |
| Jul 99 - Dec 99 | 6-1/2% | Vol. 64 #127, Friday, 07/02/99, page 36068 |
| Jan 99 - Jun 99 | 5% | Vol. 63 #251, Thursday, 12/31/98, page 72346 |
| Jul 98 - Dec 98 | 6% | Vol. 63 #125, Tuesday, 6/30/98, page 35645 |
| Jan 98 - Jun 98 | 6-1/4% | Vol. 62 #250, Wednesday, 12/31/97, page 68356 |
| Jul 97 - Dec 97 | 6-3/4% | Vol. 62 #126, Tuesday, 7/01/97, page 35541 |
| Jan 97 - Jun 97 | 6-3/8% | Vol. 62 # 4, Tuesday, 1/07/97, page 1023 |
| Jul 96 - Dec 96 | 7% | Vol. 61 #140, Friday, 7/19/96, page 37794 |
| Jan 96 - Jun 96 | 5-7/8% | Vol. 61 # 7, Wednesday, 1/10/96, page 763 |
| Jul 95 - Dec 95 | 6-3/8% | Vol. 60 #128, Wednesday, 7/05/95, page 35105 |
| Jan 95 - Jun 95 | 8-1/8% | Vol. 60 # 2, Wednesday, 1/04/95, page 530 |
| Jul 94 - Dec 94 | 7% | Vol. 59 # 127, Tuesday, 7/05/94, page 34464 |
| Jan 94 - Jun 94 | 5-1/2% | Vol. 59 # 19, Friday, 1/28/94, page 4135 |
| Jul 93 - Dec 93 | 5-5/8% | Vol. 58 # 128, Wednesday, 7/07/93, page 36511 |
| Jan 93 - Jun 93 | 6-1/2% | Vol. 57 # 251, Wednesday, 12/30/92, page 62418 |
| Jul 92 - Dec 92 | 7% | Vol. 57 # 128, Thursday, 7/02/92, page 29559 |
| Jan 92 - Jun 92 | 6-7/8% | Vol. 57 # 3, Monday, 1/06/92, page 428 |
| Jul 91 - Dec 91 | 8-1/2% | Vol. 56 # 127, Tuesday, 7/02/91, page 30413 |
| Jan 91 - Jun 91 | 8-3/8% | Vol. 56 # 1, Wednesday, 1/02/91, page 101 |
| Jul 90 - Dec 90 | 9% | Vol. 55 # 129, Thursday, 7/05/90, page 27743 |
| Jan 90 - Jun 90 | 8-1/2% | Vol. 54 # 249, Friday, 12/29/89, page 53798 |
| Jul 89 - Dec 89 | 9-1/8% | Vol. 54 # 123, Wednesday, 6/28/89, page 27266 |
| Jan 89 - Jun 89 | 9-3/4% | Vol. 53 # 251, Friday, 12/30/88, page 53117 |
| Jul 88 - Dec 88 | 9-1/4% | Vol. 53 # 126, Thursday, 6/30/88, page 24827 |
| Jan 88 - Jun 88 | 9-3/8% | Vol. 52 # 250, Wednesday, 12/30/87, page 49246 |
| Jul 87 - Dec 87 | 8-7/8% | Vol. 52 # 126, Wednesday, 7/01/87, page 24581 |
| Jan 87 - Jun 87 | 7-5/8% | Vol. 52 # 4, Wednesday, 1/07/87, page 655 |
| Jul 86 - Dec 86 | 8-1/2% | Vol. 51 # 129, Monday, 7/07/86, page 24603 |
| Jan 86 - Jun 86 | 9-3/4% | Vol. 51 # 8, Monday, 1/13/86, page 1469 |
| Jul 85 - Dec 85 | 10-3/8% | Vol. 50 # 128, Wednesday, 7/03/85, page 27525 |
| Jan 85 - Jun 85 | 12-1/8% | Vol. 49 # 250, Thursday, 12/27/84, page 50357 |
| Jul 84 - Dec 84 | 14-3/8% | Vol. 49 # 125, Wednesday, 6/27/84, page 26335 |
| Jan 84 - Jun 84 | 12-3/8% | Vol. 48 # 249, Tuesday, 12/27/83, page 57044 |
| Jul 83 - Dec 83 | 11-1/2% | Vol. 48 # 126, Wednesday, 6/29/83, page 29985 |
| Jan 83 - Jun 83 | 11-1/4% | Vol. 47 # 247, Thursday, 12/23/82, page 57388 |
| Jul 82 - Dec 82 | 15-1/2% | Vol. 47 # 123, Friday, 6/25/82, page 27654 |
| Jan 82 - Jun 82 | 14-3/4% | Vol. 47 # 2, Tuesday, 1/05/82, page 366 |
| Jul 81 - Dec 81 | 14-7/8% | Vol. 46 # 124, Monday, 6/29/81, page 33413 |
| Jan 81 - Jun 81 | 14-5/8% | Vol. 46 # 2, Monday, 1/05/81, page 1073 |
| Jul 80 - Dec 80 | 10-1/2% | Vol. 45 # 126, Friday, 6/27/80, page 43515 |
| Jan 80 - Jun 80 | 12-1/4% | Vol. 45 # 8, Friday, 1/11/80, page 2456 |
