Prompt Payment Interest Rate; Contract Disputes Act, 31794 [E9-15606]

Download as PDF 31794 Federal Register / Vol. 74, No. 126 / Thursday, July 2, 2009 / Notices Privacy: We will post all comments we receive, without change, to http:// www.regulations.gov, including any personal information you provide. Using the search function of our docket web site, anyone can find and read the comments received into any of our dockets, including the name of the individual sending the comment (or signing the comment for an association, business, labor union, etc.). You may review DOT’s complete Privacy Act Statement in the Federal Register published on April 11, 2000 (65 FR 19477–78). Docket: To read background documents or comments received, go to http://www.regulations.gov at any time or to the Docket Management Facility in Room W12–140 of the West Building Ground Floor at 1200 New Jersey Avenue, SE., Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. FOR FURTHER INFORMATION CONTACT: Mr. Joel Schlossberg, 202–385–6434, Flight Standards Service, Air Carrier Maintenance Branch, 950 L’Enfant Plaza, SW., 5th Floor, Washington, DC 20024. This notice is published pursuant to 14 CFR 11.85. Issued in Washington, DC, on June 29, 2009. Pamela Hamilton-Powell, Director, Office of Rulemaking. Petition for Exemption Docket No.: FAA–2009–0460. Petitioner: Charter Fleet International (Charter Fleet). Section of 14 CFR Affected: 14 CFR 43.3(g). Description of Relief Sought: Charter Fleet seeks relief to enable its pilots who operate its Learjet 60 to verify the tire pressure on their airplanes. [FR Doc. E9–15615 Filed 7–1–09; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF THE TREASURY Fiscal Service Prompt Payment Interest Rate; Contract Disputes Act AGENCY: Bureau of the Public Debt, Fiscal Service, Treasury. ACTION: Notice. SUMMARY: For the period beginning July 1, 2009, and ending on December 31, 2009, the prompt payment interest rate is 47⁄8 per centum per annum. ADDRESSES: Comments or inquiries may be mailed to Jill Reeves, Team Leader, VerDate Nov<24>2008 15:35 Jul 01, 2009 Jkt 217001 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.treasurydirect.gov. DATES: Effective July 1, 2009, to December 31, 2009. FOR FURTHER INFORMATION CONTACT: Mike Linder, Director, Division of Accounting Operations, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia, 26106–1328, (304) 480–5125; Jill Reeves, Team Leader, Borrowings Accounting Team, Division of Accounting Operations, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia, 26106–1328, (304) 480–5204; Paul Wolfteich, Chief Counsel, Office of the Chief Counsel, Bureau of the Public Debt, (202) 504–3705; or Brenda L. Hoffman, Attorney-Advisor, Office of the Chief Counsel, Bureau of the Public Debt, (202) 504–3706. An agency that has acquired property or services from a business concern and has failed to pay for the complete delivery of property or service by the required payment date shall pay the business concern an interest penalty. 31 U.S.C. 3902(a). The Contract Disputes Act of 1978, Section 12, Public Law 95–563, 92 Stat. 2389, and the Prompt Payment Act of 1982, 31 U.S.C. 3902(a), provide for the calculation of interest due on claims at the rate established by the Secretary of the Treasury. The Secretary of the Treasury has the authority to specify the rate by which the interest shall be computed for interest payments under section 12 of the Contract Disputes Act of 1978 and under the Prompt Payment Act. Agencies must pay the interest penalty calculated with the interest rate, which is in effect at the time the agency accrues the obligation to pay a late payment interest penalty. Id. ‘‘The interest penalty shall be paid for the period beginning on the day after the required payment date and ending on the date on which the payment is made.’’ 31 U.S.C. 3902(b). Under the Prompt Payment Act, if an interest penalty is owed to a business concern, the penalty shall be paid regardless of whether the business concern requested payment of interest. Therefore, notice is given that the Secretary of the Treasury has determined that the rate of interest applicable for the period beginning July SUPPLEMENTARY INFORMATION: PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 1, 2009, and ending on December 31, 2009, is 47⁄8 per centum per annum. Richard L. Gregg, Fiscal Assistant Secretary (Acting). [FR Doc. E9–15606 Filed 7–1–09; 8:45 am] BILLING CODE 4810–39–P DEPARTMENT OF THE TREASURY Fiscal Service Surety Companies Acceptable on Federal Bonds—Terminations: Acadia Insurance Company, Lexington Insurance Company, Union Insurance Company AGENCY: Financial Management Service, Fiscal Service, Department of the Treasury. ACTION: Notice. SUMMARY: This is Supplement No. 16 to the Treasury Department Circular 570, 2008 Revision, published June 30, 2008, at 73 FR 37644. FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874–6850. Notice is hereby given that the Certificates of Authority issued by the Treasury to the above-named companies under 31 U.S.C. 9305 to qualify as acceptable sureties on Federal bonds were terminated effective June 30, 2009. Federal bond-approving officials should annotate their reference copies of the Treasury Department Circular 570 (‘‘Circular’’), 2008 Revision, to reflect this change. With respect to any bonds currently in force with these companies, bond approving officers may let such bonds run to expiration and need not secure new bonds. However, no new bonds should be accepted from these companies, and bonds that are continuous in nature should not be renewed. The Circular may be viewed and downloaded through the Internet at http://www.fms.treas.gov/c570. Questions concerning this notice may be directed to the U.S. Department of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety Bond Branch, 3700 East-West Highway, Room 6F01, Hyattsville, MD 20782. SUPPLEMENTARY INFORMATION: Dated: June 23, 2009. Rose M. Miller, Acting Director, Financial Accounting and Services Division. [FR Doc. E9–15633 Filed 7–1–09; 8:45 am] BILLING CODE 4810–35–M E:\FR\FM\02JYN1.SGM 02JYN1

Agencies

[Federal Register Volume 74, Number 126 (Thursday, July 2, 2009)]
[Notices]
[Page 31794]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-15606]


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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, 2009, and ending on December 
31, 2009, the prompt payment interest rate is 4\7/8\ per centum per 
annum.

ADDRESSES: Comments or inquiries may be mailed to Jill Reeves, Team 
Leader, 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.treasurydirect.gov.

DATES: Effective July 1, 2009, to December 31, 2009.

FOR FURTHER INFORMATION CONTACT: Mike Linder, Director, Division of 
Accounting Operations, Office of Public Debt Accounting, Bureau of the 
Public Debt, Parkersburg, West Virginia, 26106-1328, (304) 480-5125; 
Jill Reeves, Team Leader, Borrowings Accounting Team, Division of 
Accounting Operations, Office of Public Debt Accounting, Bureau of the 
Public Debt, Parkersburg, West Virginia, 26106-1328, (304) 480-5204; 
Paul Wolfteich, Chief Counsel, Office of the Chief Counsel, Bureau of 
the Public Debt, (202) 504-3705; or Brenda L. Hoffman, Attorney-
Advisor, Office of the Chief Counsel, Bureau of the Public Debt, (202) 
504-3706.

SUPPLEMENTARY INFORMATION: An agency that has acquired property or 
services from a business concern and has failed to pay for the complete 
delivery of property or service by the required payment date shall pay 
the business concern an interest penalty. 31 U.S.C. 3902(a). The 
Contract Disputes Act of 1978, Section 12, Public Law 95-563, 92 Stat. 
2389, and the Prompt Payment Act of 1982, 31 U.S.C. 3902(a), provide 
for the calculation of interest due on claims at the rate established 
by the Secretary of the Treasury.
    The Secretary of the Treasury has the authority to specify the rate 
by which the interest shall be computed for interest payments under 
section 12 of the Contract Disputes Act of 1978 and under the Prompt 
Payment Act. Agencies must pay the interest penalty calculated with the 
interest rate, which is in effect at the time the agency accrues the 
obligation to pay a late payment interest penalty. Id. ``The interest 
penalty shall be paid for the period beginning on the day after the 
required payment date and ending on the date on which the payment is 
made.'' 31 U.S.C. 3902(b). Under the Prompt Payment Act, if an interest 
penalty is owed to a business concern, the penalty shall be paid 
regardless of whether the business concern requested payment of 
interest.
    Therefore, notice is given that the Secretary of the Treasury has 
determined that the rate of interest applicable for the period 
beginning July 1, 2009, and ending on December 31, 2009, is 4\7/8\ per 
centum per annum.

Richard L. Gregg,
Fiscal Assistant Secretary (Acting).
[FR Doc. E9-15606 Filed 7-1-09; 8:45 am]
BILLING CODE 4810-39-P