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    <title>The Federal Register</title>
    <link>http://thefederalregister.com/b.p/agency/Management_and_Budget_Office/2002-12-30/</link>
    <description>Daily Publications of Meetings and Rules Changes for the Federal Government</description>
    <pubDate>Sun, May 19 2013 11:00:00 GMT</pubDate>
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  <title><![CDATA[
Prompt Payment ]]></title>
  <link>http://thefederalregister.com/d.p/2002-12-30-02-32821</link>
  <description><![CDATA[ The Office of Management and Budget (OMB) is issuing a final 
revision to its rules on the Prompt Payment Act (PPA) to implement 
section 1010 of the National Defense Authorization Act for Fiscal Year 
2001, as amended by section 1007 of the National Defense Authorization 
Act for Fiscal Year 2002. Section 1010 requires agencies to pay an 
interest penalty whenever they make an interim payment under a cost
reimbursement contract for services more than 30 days after the agency 
receives a proper invoice for payment from the contractor. Section 1007 
states that the requirements of section 1010 apply to interim payments 
that are due on or after December 15, 2000 under any costreimbursement 
service contract regardless of when the contract was awarded.
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  <guid>http://thefederalregister.com/d.p/2002-12-30-02-32821</guid>
  <pubDate>Mon, Dec 30 2002 11:00:00 GMT</pubDate>
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