[Code of Federal Regulations]
[Title 41, Volume 4]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR301-71.210]

[Page 75]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
           CHAPTER 301--TEMPORARY DUTY (TDY) TRAVEL ALLOWANCES
 
PART 301-71--AGENCY TRAVEL ACCOUNTABILITY REQUIREMENTS--Table of Contents
 
               Subpart C--Travel Claims for Reimbursement
 
Sec. 301-71.210  How do we calculate late payment fees?

    Late payment fees are calculated either by:
    (a) 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) 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, you must also pay an amount equivalent to any late payment 
charge that the card contractor would have been able to charge had the 
employee not paid the bill. Payment of this additional fee will be based 
upon the effective date that a late payment charge would be allowed 
under the agreement between the employee and the card contractor.

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