Federal Register: December 27, 2005 (Volume 70, Number 247)
DOCID: FR Doc 05-24456
DEPARTMENT OF THE TREASURY
Fiscal Service
NOTICE: NOTICES
ACTION: Interest rates:
DOCUMENT ACTION: Notice.
SUBJECT CATEGORY:
Renegotiation Board Interest Rate; Prompt Payment Interest Rate; Contract Disputes Act
DATES: This notice announces the applicable interest rate for the January 1, 2006, to June 30, 2006, period.
DOCUMENT SUMMARY:
For the period beginning January 1, 2006, and ending on June 30, 2006, the prompt payment interest rate is 5\1/8\ per centum per annum.
SUMMARY:
Renegotiation Board and prompt payment rates,
SUPPLEMENTAL 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 Sec. 2, Pub. L. 9241, 85 Stat. 97. For example, the Contract Disputes Act of 1978 Sec. 12, Pub. L. 95563, 92 Stat. 2389, and, indirectly, the Prompt Payment Act of 1982, 31 U.S.C. 3902(a), provide for the calculation of interest due on claims at a rate established by the Secretary of the Treasury for the Renegotiation Board under Pub. L. 9241.
Therefore, notice is given that the Secretary of the Treasury has
determined that the rate of interest applicable for the period
beginning January 1, 2006, and ending on June 30, 2006, is 5\1/8\ per
centum per annum. This rate is determined pursuant to the above mentioned sections for the purpose of said sections.
Dated: December 20, 2005.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 0524456 Filed 122305; 8:45 am]
BILLING CODE 481039M
FOR FURTHER INFORMATION CONTACT
Stephanie Brown, Director, Division of Accounting Operations, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia, 261061328, (304) 4805181; Trina R. Cook, Team Leader, Borrowings Accounting Team, Division of Accounting Operations, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia, 261061328, (304) 4805166; Edward Gronseth, Deputy Chief Counsel, Office of the Chief Counsel, Bureau of the Public Debt, (304) 4808692; or Jacqueline Jackson, AttorneyAdviser, Office of the Chief Counsel, Bureau of the Public Debt, (202) 5043713.