[Federal Register Volume 67, Number 247 (Tuesday, December 24, 2002)]
[Notices]
[Pages 78566-78567]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-32379]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Renegotiation Board Interest Rate; Prompt Payment Interest Rate; 
Contract Disputes Act

AGENCY: Bureau of the Public Debt, Fiscal Service, Treasury.

ACTION: Notice.

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SUMMARY: For the period beginning January 1, 2003 and ending on June 
30, 2003 the prompt payment interest rate is 4.250 per centum per 
annum.

ADDRESSES: Comments or inquiries may be mailed to Eleanor Farrar, Team 
Leader, Debt Accounting Branch, Office of Public Debt Accounting, 
Bureau of the Public Debt, Parkersburg, West Virginia, 26106-1328. A 
copy of this Notice will be available to download from http://www.publicdebt.treas.gov.

DATES: This notice announces the applicable interest rate for the 
January 1, 2003 to June 30, 2003 period.

FOR FURTHER INFORMATION CONTACT: Frank Dunn, Manager, Debt Accounting 
Branch, Office of Public Debt Accounting, Bureau of the Public Debt, 
Parkersburg, West Virginia, 26106-1328, (304) 480-5170; Eleanor Farrar, 
Team Leader, Borrowings Accounting Team, Office of Public Debt 
Accounting, Bureau of the Public Debt, (304) 480-5166; Edward C. 
Gronseth, Deputy Chief Counsel, Office of the Chief Counsel, Bureau of 
the Public Debt, (304) 480-8692; or Mary C. Schaffer, Attorney-Adviser, 
Office of the Chief Counsel, Bureau of the Public Debt, (304) 480-8692.

SUPPLEMENTARY 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, Public Law 92-41, 85 Stat. 97. For 
example, the Contract Disputes Act of 1978 Sec. 12, Public Law 95-563, 
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 Public Law 92-41.
    Therefore, notice is given that the Secretary of the Treasury has 
determined that the rate of interest

[[Page 78567]]

applicable, for the period beginning January 1, 2003 and ending on June 
30, 2003, is 4.250 per centum per annum. This rate is determined 
pursuant to the above-mentioned sections for the purpose of said 
sections.

    Dated: November 19, 2002.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 02-32379 Filed 12-19-02; 1:33 pm]
BILLING CODE 4810-39-P