[Code of Federal Regulations]
[Title 41, Volume 4]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR301-52.20]

[Page 58-59]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
           CHAPTER 301--TEMPORARY DUTY (TDY) TRAVEL ALLOWANCES
 
PART 301-52--CLAIMING REIMBURSEMENT--Table of Contents
 
Sec. 301-52.20  How are late payment fees calculated?

    Your agency must either:
    (a) Calculate late payment fees using the prevailing Prompt Payment 
Act Interest Rate beginning on the 31st day after submission of a proper 
travel claim and ending on the date on which payment is made; or
    (b) Reimburse you a flat fee of not less than the prompt payment 
amount, based on an agencywide average of travel claim payments; and
    (c) In addition to the fee required by paragraphs (a) and (b) of 
this section, your agency must also pay you an amount equivalent to any 
late payment charge that the card contractor

[[Page 59]]

would have been able to charge you had you not paid the bill.

[FTR Amdt. 92, 65 FR 21366, Apr. 21, 2000]