Prompt Payment Interest Rate; Contract Disputes Act, 35742-35743 [07-3178]

Download as PDF 35742 Federal Register / Vol. 72, No. 125 / Friday, June 29, 2007 / Notices automatically stay the effectiveness of the exemption. Stay petitions must be filed by July 6, 2007 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to STB Finance Docket No. 35050, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. In addition, a copy of each pleading must be served on Thomas J. Healey, 17641 S. Ashland Ave., Homewood, IL 60430. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. Decided: June 25, 2007. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–12559 Filed 6–28–07; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 35049] Duluth, Missabe and Iron Range Railway Company—Trackage Rights Exemption—Wisconsin Central Ltd. mstockstill on PROD1PC66 with NOTICES Pursuant to a written trackage rights agreement dated June 4, 2007, Wisconsin Central Ltd. (WC) has agreed to grant overhead trackage rights to Duluth, Missabe and Iron Range Railway Company (DMIR) over a line of railroad between South Itasca, WI (milepost 455.1), and Fond du Lac (Shops Yard), WI (milepost 158.4), via Hoover, WI, including all industry spurs, connecting tracks and sidings now existent or hereafter constructed along the subject tracks, and right-ofway for the tracks, signals, interlocking devices and plants, telegraph and telephone lines, and other necessary appurtenances, a distance of approximately 296.7 miles, all within the State of Wisconsin.1 The earliest this transaction may be consummated is July 14, 2007, the effective date of the exemption (30 days after the exemption was filed). The purpose of the trackage rights is to enhance operational efficiency in the movement of overhead freight 1 A redacted version of the trackage rights agreement between DMIR and WC was filed with the notice of exemption. The full version of the agreement, as required by 49 CFR 1180.6(a)(7)(ii), was concurrently filed under seal along with a motion for protective order. The request for a protective order is being addressed in a separate decision. VerDate Aug<31>2005 16:20 Jun 28, 2007 Jkt 211001 movements, reblocking of cars within the same train, and setting out cars requiring servicing between South Itasca and Fond du Lac (Shops Yard). As a condition to this exemption, any employees affected by the trackage rights will be protected by the conditions imposed in Norfolk and Western Ry. Co.—Trackage Rights—BN, 354 I.C.C. 605 (1978), as modified in Mendocino Coast Ry., Inc.—Lease and Operate, 360 I.C.C. 653 (1980). This notice is filed under 49 CFR 1180.2(d)(7). If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Stay petitions must be filed by July 6, 2007 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to STB Finance Docket No. 35049, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. In addition, a copy of each pleading must be served on Thomas J. Healey, 17641 S. Ashland Ave., Homewood, IL 60430. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. Decided: June 25, 2007. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–12610 Filed 6–28–07; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Fiscal Service Prompt Payment Interest Rate; Contract Disputes Act Bureau of the Public Debt, Fiscal Service, Treasury. ACTION: Notice. AGENCY: SUMMARY: For the period beginning July 1, 2007, and ending on December 31, 2007, the prompt payment interest rate and the contract disputes interest rate is 53⁄4 per centum per annum. ADDRESSES: Comments or inquiries may be mailed to Carol Brooks, Accountant, 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 is PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 available at http:// www.publicdebt.treas.gov. DATES: Effective July 1, to December 31, 2007. FOR FURTHER INFORMATION CONTACT: Veronica Lowther, Acting Director, Division of Accounting Operations, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia 26106–1328, (304) 480– 5161; Carol Brooks, Accountant, Borrowings Accounting Team, Division of Accounting Operations, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia 26106–1328, (304) 480–5167; Amy Mertz Brown, Deputy Chief Counsel, Office of the Chief Counsel, Bureau of the Public Debt, (202) 504–3715; or Brenda L. Hoffman, Attorney-Adviser, Office of the Chief Counsel, Bureau of the Public Debt, (202) 504–3706. SUPPLEMENTARY INFORMATION: An agency acquiring property or services from a business concern, but failing to pay for each completed delivered item of property or service by the required payment date, must pay the business concern an interest penalty, commonly known as the Prompt Payment Interest Penalty. 31 U.S.C. 3902(a). The applicable interest rate for determining this penalty is the rate established by the Secretary of the Treasury under § 12 of the Contract Disputes Act (codified at 41 U.S.C. 611) and in effect at the time the agency accrues the obligation to pay this late payment interest penalty. 31 U.S.C. 3902(a). Agencies must pay the interest penalty calculated with the Prompt Payment Interest Rate, ‘‘for the period beginning on the date after the required payment date and ending on the date on which the payment is made.’’ 31 U.S.C. 3902(b). If an interest penalty is owed to a business concern because of a late payment, the penalty must be paid regardless of whether the business concern requested payment of the penalty. An agency also must pay interest on claims found due to contractors that are submitted to procuring agencies for payment, payable for the time period between when the contracting officer receives the claim and when the procuring agency pays the claim. Contract Disputes Act § 12; 41 U.S.C. 611. The Secretary is required to establish an interest rate for both of these purposes. 31 U.S.C. 3902(a); 41 U.S.C. 611. Therefore, notice is given that the Secretary of the Treasury has determined that the rate of interest for purposes of both Prompt Payment and the Contract Disputes Act, applicable for the period beginning July 1, 2007, and E:\FR\FM\29JNN1.SGM 29JNN1 Federal Register / Vol. 72, No. 125 / Friday, June 29, 2007 / Notices ending on December 31, 2007, is 53⁄4 per centum per annum. DEPARTMENT OF THE TREASURY Internal Revenue Service Open Meeting of the Area 1 Committee of the Taxpayer Advocacy Panel (Including the States of New York, Connecticut, Massachusetts, Rhode Island, New Hampshire, Vermont and Maine) Internal Revenue Service (IRS), Treasury. AGENCY: Notice. SUMMARY: An open meeting of the Area 1 Committee of the Taxpayer Advocacy Panel will be conducted (via teleconference). The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service. The meeting will be held Tuesday, July 17, 2007. DATES: Internal Revenue Service Open Meeting of the Area 7 Committee of the Taxpayer Advocacy Panel (Including the States of Alaska, California, Hawaii, and Nevada) Internal Revenue Service (IRS), Treasury. AGENCY: ACTION: Notice. SUMMARY: An open meeting of the Area 2 Committee of the Taxpayer Advocacy Panel will be conducted (via teleconference). The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. The meeting will be held Wednesday, July 18, 2007, at 2:30 p.m. ET. DATES: Inez E. De Jesus at 1–888–912–1227, or 954– 423–7977. FOR FURTHER INFORMATION CONTACT: Notice is hereby given pursuant to section 10 (a) (2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Area 2 Committee of the Taxpayer Advocacy Panel will be held Wednesday, July 18, 2007 at 2:30 p.m. ET via a telephone conference call. If you would like to have the TAP consider a written statement, please call 1–888–912–1227 or 954–423–7977, or write Inez E. De Jesus, TAP Office, 1000 South Pine Island Rd., Suite 340, Plantation, FL 33324. Due to limited conference lines, notification of intent to participate in the telephone conference call meeting must be made with Inez E. De Jesus. Ms. De Jesus can be reached at 1–888–912–1227 or 954– 423–7977, or post comments to the Web site: http://www.improveirs.org. The agenda will include the following: Various IRS issues. SUPPLEMENTARY INFORMATION: FOR FURTHER INFORMATION CONTACT: Audrey Y. Jenkins at 1–888–912–1227 (toll-free), or 718–488–2085 (non tollfree). An open meeting of the Area 1 Committee of the Taxpayer Advocacy Panel will be held Tuesday, July 17, 2007 from 9 a.m. ET to 10 a.m. ET via a telephone conference call. Individual comments will be limited to 5 minutes. If you would like to have the TAP consider a written statement, please call 1–888–912–1227 or 718–488–2085, or write Audrey Y. Jenkins, TAP Office, 10 MetroTech Center, 625 Fulton Street, Brooklyn, NY 11201. Due to limited conference lines, notification of intent to participate in the telephone conference call meeting must be made with Audrey Y. Jenkins. Ms. Jenkins can be reached at 1–888– 912–1227 or 718–488–2085, or post comments to the Web site: http:// www.improveirs.org. The agenda will include various IRS issues. SUPPLEMENTARY INFORMATION: mstockstill on PROD1PC66 with NOTICES DEPARTMENT OF THE TREASURY Open Meeting of the Area 2 Committee of the Taxpayer Advocacy Panel (Including the States of Delaware, North Carolina, South Carolina, New Jersey, Maryland, Pennsylvania, Virginia, and West Virginia and the District of Columbia) BILLING CODE 4810–39–M DEPARTMENT OF THE TREASURY Internal Revenue Service Kenneth E. Carfine, Fiscal Assistant Secretary. [FR Doc. 07–3178 Filed 6–28–07; 8:45 am] ACTION: Dated: June 20, 2007. John Fay, Acting Director, Taxpayer Advocacy Panel. [FR Doc. E7–12591 Filed 6–28–07; 8:45 am] BILLING CODE 4830–01–P Dated: June 20, 2007. John Fay, Acting Director, Taxpayer Advocacy Panel. [FR Doc. E7–12588 Filed 6–28–07; 8:45 am] Internal Revenue Service (IRS), Treasury. AGENCY: ACTION: Notice. SUMMARY: An open meeting of the Area 7 Committee of the Taxpayer Advocacy Panel will be conducted (via teleconference). The Taxpayer Advocacy Panel (TAP) is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. The TAP will use citizen input to make recommendations to the Internal Revenue Service. The meeting will be held Wednesday July 18, 2007. DATES: FOR FURTHER INFORMATION CONTACT: Janice Spinks at 1–888–912–1227, or 206–220–6096. Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Area 7 Committee of the Taxpayer Advocacy Panel will be held Wednesday, July 18, 2007 from 2 p.m. Pacific Time to 3:30 p.m. Pacific Time via a telephone conference call. The public is invited to make oral comments. Individual comments will be limited to 5 minutes. If you would like to have the TAP consider a written statement, please call 1–888–912–1227 or 206–220–6096, or write to Janice Spinks, TAP Office, 915 2nd Avenue, MS W–406, Seattle, WA 98174 or you can contact us at http:// www.improveirs.org. Due to limited conference lines, notification of intent to participate in the telephone conference call meeting must be made with Janice Spinks. Miss Spinks can be reached at 1–888–912–1227 or 206– 220–6096. The agenda will include the following: Various IRS issues. SUPPLEMENTARY INFORMATION: Dated: June 20, 2007. John Fay, Acting Director, Taxpayer Advocacy Panel. [FR Doc. E7–12592 Filed 6–28–07; 8:45 am] BILLING CODE 4830–01–P BILLING CODE 4830–01–P VerDate Aug<31>2005 16:20 Jun 28, 2007 Jkt 211001 35743 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 E:\FR\FM\29JNN1.SGM 29JNN1

Agencies

[Federal Register Volume 72, Number 125 (Friday, June 29, 2007)]
[Notices]
[Pages 35742-35743]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-3178]


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DEPARTMENT OF THE TREASURY

Fiscal Service


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 July 1, 2007, and ending on December 
31, 2007, the prompt payment interest rate and the contract disputes 
interest rate is 5\3/4\ per centum per annum.

ADDRESSES: Comments or inquiries may be mailed to Carol Brooks, 
Accountant, 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 is 
available at http://www.publicdebt.treas.gov.

DATES: Effective July 1, to December 31, 2007.

FOR FURTHER INFORMATION CONTACT: Veronica Lowther, Acting Director, 
Division of Accounting Operations, Office of Public Debt Accounting, 
Bureau of the Public Debt, Parkersburg, West Virginia 26106-1328, (304) 
480-5161; Carol Brooks, Accountant, Borrowings Accounting Team, 
Division of Accounting Operations, Office of Public Debt Accounting, 
Bureau of the Public Debt, Parkersburg, West Virginia 26106-1328, (304) 
480-5167; Amy Mertz Brown, Deputy Chief Counsel, Office of the Chief 
Counsel, Bureau of the Public Debt, (202) 504-3715; or Brenda L. 
Hoffman, Attorney-Adviser, Office of the Chief Counsel, Bureau of the 
Public Debt, (202) 504-3706.

SUPPLEMENTARY INFORMATION: An agency acquiring property or services 
from a business concern, but failing to pay for each completed 
delivered item of property or service by the required payment date, 
must pay the business concern an interest penalty, commonly known as 
the Prompt Payment Interest Penalty. 31 U.S.C. 3902(a). The applicable 
interest rate for determining this penalty is the rate established by 
the Secretary of the Treasury under Sec.  12 of the Contract Disputes 
Act (codified at 41 U.S.C. 611) and in effect at the time the agency 
accrues the obligation to pay this late payment interest penalty. 31 
U.S.C. 3902(a). Agencies must pay the interest penalty calculated with 
the Prompt Payment Interest Rate, ``for the period beginning on the 
date after the required payment date and ending on the date on which 
the payment is made.'' 31 U.S.C. 3902(b). If an interest penalty is 
owed to a business concern because of a late payment, the penalty must 
be paid regardless of whether the business concern requested payment of 
the penalty.
    An agency also must pay interest on claims found due to contractors 
that are submitted to procuring agencies for payment, payable for the 
time period between when the contracting officer receives the claim and 
when the procuring agency pays the claim. Contract Disputes Act Sec.  
12; 41 U.S.C. 611.
    The Secretary is required to establish an interest rate for both of 
these purposes. 31 U.S.C. 3902(a); 41 U.S.C. 611. Therefore, notice is 
given that the Secretary of the Treasury has determined that the rate 
of interest for purposes of both Prompt Payment and the Contract 
Disputes Act, applicable for the period beginning July 1, 2007, and

[[Page 35743]]

ending on December 31, 2007, is 5\3/4\ per centum per annum.

Kenneth E. Carfine,
Fiscal Assistant Secretary.
[FR Doc. 07-3178 Filed 6-28-07; 8:45 am]
BILLING CODE 4810-39-M