[Code of Federal Regulations]
[Title 39, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 39CFR601.111]

[Page 183]
 
                        TITLE 39--POSTAL SERVICE
 
                 CHAPTER I--UNITED STATES POSTAL SERVICE
 
PART 601_PURCHASING OF PROPERTY AND SERVICES--Table of Contents
 
Sec.  601.111  Interest on claim amounts.

    Interest on the amount found due on the supplier's claim must be 
paid from the date the contracting officer received the claim (properly 
certified, if required) or from the date payment would otherwise be due, 
if that date is later, until the date of payment. Simple interest will 
be paid at the rate established by the Secretary of the Treasury for 
each 6-month period in which the claim is pending. Information on the 
rate at which interest is payable is announced periodically in the 
Postal Bulletin.