[Federal Register Volume 69, Number 250 (Thursday, December 30, 2004)]
[Notices]
[Pages 78522-78523]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-28219]


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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, 2005 and ending on June 
30, 2005, the prompt payment interest rate is 4.250 per centum per 
annum.

ADDRESSES: Comments or inquiries may be mailed to Trina Cook, Team 
Leader, Borrowings Accounting Team, Division of Accounting Operations, 
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, 2005 to June 30, 2005 period.

FOR FURTHER INFORMATION CONTACT: Stephanie Brown, Director, Division of 
Accounting Operations, Office of Public Debt Accounting, Bureau of the 
Public Debt, Parkersburg, West Virginia, 26106-1328, (304) 480-5181; 
Trina Cook, Team Leader, Borrowings Accounting Team, Division of 
Accounting Operations, Office of Public Debt Accounting, Bureau of the 
Public Debt, Parkersburg, West Virginia, 26106-1328, (304) 480-5166; 
Edward C. Gronseth, Deputy Chief Counsel, Office of the Chief Counsel, 
Bureau of the Public Debt, (304) 480-8692; or Latisha R. Brown, 
Attorney-Adviser, Office of the Chief Counsel, Bureau of the Public 
Debt, (202) 504-3710.

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, Pub. L. 92-41, 85 Stat. 97. For 
example, the Contract Disputes Act of 1978 Sec. 12, Pub. L. 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

[[Page 78523]]

Treasury for the Renegotiation Board under Pub. L. 92-41.
    Therefore, notice is given that the Secretary of the Treasury has 
determined that the rate of interest applicable, for the period 
beginning January 1, 2005 and ending on June 30, 2005, is 4.250 per 
centum per annum. This rate is determined pursuant to the above-
mentioned sections for the purpose of said sections.

    Dated: December 20, 2004.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 04-28219 Filed 12-29-04; 8:45 am]
BILLING CODE 4810-39-M