[Code of Federal Regulations]

[Title 41, Volume 4]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 41CFR301-52.20]



[Page 68]

 

           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 would have been able to 

charge you had you not paid the bill.



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