Prompt Payment Interest Rate; Contract Disputes Act, 69379-69380 [E9-31008]

Download as PDF Federal Register / Vol. 74, No. 250 / Thursday, December 31, 2009 / Notices Type of Review: Revision. Title: Financial Assistance (FA) and Technical Assistance Component Application—CDFI Program. Form: CDFI–0001. Description: The CDFI Fund provides financial assistance in the form of grants, loans, equity investments and deposits to community development financial institutions providing capital and financial services to underserved markets. Respondents: Not-for-profit institutions. Estimated Total Burden Hours: 20,000 hours. Clearance Officer: Ashanti McCallum, (202) 622–9018, Community Development Financial Institutions Fund, Department of the Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 20005. OMB Reviewer: Shagufta Ahmed, (202) 395–7873, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503. Celina Elphage, Treasury PRA Clearance Officer. [FR Doc. E9–31061 Filed 12–30–09; 8:45 am] Department of the Treasury. The form will capture key information such as NAICS, contract and subcontract award information, and past performance. The information will be stored in a database. The database will be used by OSDBU, Treasury Acquisition staff and the Troubled Asset Relief Program to conduct research when searching for small businesses to perform on Treasury contracts. Respondents: Businesses or other forprofit institutions. Estimated Total Reporting Burden: 54 hours. DO Clearance Officer: Robin Byrd, Department of Treasury, OSDBU, 1500 Pennsylvania Ave., NW., Washington, DC 20220; (202) 622–8213 OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873 Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. E9–30679 Filed 12–30–09; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY BILLING CODE 4810–70–P Office of Thrift Supervision DEPARTMENT OF THE TREASURY First Federal Bank of California, FSB Santa Monica, CA; Notice of Appointment of Receiver Submission for OMB Review; Comment Request December 22, 2009. The Department of Treasury is planning to submit the following public information collection requirement to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104–13. A copy of the submission may be obtained by contacting the Departmental Office (DO) Clearance Officer listed. Comments regarding this information collection should be addressed to the OMB reviewer listed and to the Treasury PRA Clearance Officer, Department of the Treasury, 1750 Pennsylvania Ave., NW., Suite 11010, Washington, DC 20220. DATES: Written comments should be received on or before March 1, 2010 to be assured of consideration. Notice is hereby given that, pursuant to the authority contained in section 5(d)(2) of the Home Owners’ Loan Act, the Office of Thrift Supervision (OTS) has duly appointed the Federal Deposit Insurance Corporation as sole Receiver for First Federal Bank of California, FSB, Santa Monica, California (OTS No. 01792), on December 18, 2009. Dated: December 23, 2009. By the Office of Thrift Supervision. Sandra E. Evans, Federal Register Liaison. [FR Doc. E9–30951 Filed 12–30–09; 8:45 am] BILLING CODE 6720–01–M DEPARTMENT OF THE TREASURY Office of Thrift Supervision erowe on DSK5CLS3C1PROD with NOTICES Office of Small and Disadvantaged Business Utilization (OSDBU) OMB Number: 1505–0220. Type of Review: Extension without change of a currently approved collection. Title: Electronic Capability Statement. Description: The Electronic Capability Statement will be used by firms that wish to do business with the Peoples First Community Bank Panama City, FL; Notice of Appointment of Receiver Notice is hereby given that, pursuant to the authority contained in section 5(d)(2) of the Home Owners’ Loan Act, the Office of Thrift Supervision (OTS) has duly appointed the Federal Deposit Insurance Corporation as sole Receiver for Peoples First Community Bank, VerDate Nov<24>2008 15:06 Dec 30, 2009 Jkt 220001 PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 69379 Panama City, Florida (OTS No. 07939), on December 18, 2009. Dated: December 23, 2009. By the Office of Thrift Supervision. Sandra E. Evans, Federal Register Liaison. [FR Doc. E9–30953 Filed 12–30–09; 8:45 am] BILLING CODE 6720–01–M DEPARTMENT OF THE TREASURY Office of Thrift Supervision New South Federal Savings Bank Irondale, AL; Notice of Appointment of Receiver Notice is hereby given that, pursuant to the authority contained in section 5(d)(2) of the Home Owners’ Loan Act, the Office of Thrift Supervision (OTS) has duly appointed the Federal Deposit Insurance Corporation as sole Receiver for New South Federal Savings Bank, Irondale, Alabama (OTS No. 08083), on December 18, 2009. Dated: December 23, 2009. By the Office of Thrift Supervision. Sandra E. Evans, Federal Register Liaison. [FR Doc. E9–30955 Filed 12–30–09; 8:45 am] BILLING CODE 6720–01–M 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 January 1, 2010, and ending on June 30, 2010, the prompt payment interest rate is 31⁄4 per centum per annum. ADDRESSES: Comments or inquiries may be mailed to Dorothy Dicks, Reporting Team Leader, Federal Borrowings Branch, 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 January 1, 2010, to June 30, 2010. 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; Dorothy Dicks, Reporting Team Leader, Federal Borrowings Branch, Division of E:\FR\FM\31DEN1.SGM 31DEN1 69380 Federal Register / Vol. 74, No. 250 / Thursday, December 31, 2009 / Notices Accounting Operations, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia 26106– 1328, (304) 480–5115; 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 erowe on DSK5CLS3C1PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Nov<24>2008 15:06 Dec 30, 2009 Jkt 220001 1978, Sec. 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 § 12 of the Contract Disputes Act of 1978 and under the Prompt Payment Act. 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. Agencies must pay the interest penalty calculated with the interest rate, which is in effect at the PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 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 payment is made.’’ 31 U.S.C. 3902(b). Therefore, notice is given that the Secretary of the Treasury has determined that the rate of interest applicable for the period beginning January 1, 2010, and ending on June 30, 2010, is 31⁄4 per centum per annum. Nancy Fleetwood, Fiscal Assistant Secretary (Acting). [FR Doc. E9–31008 Filed 12–28–09; 11:15 am] BILLING CODE 4810–39–P E:\FR\FM\31DEN1.SGM 31DEN1

Agencies

[Federal Register Volume 74, Number 250 (Thursday, December 31, 2009)]
[Notices]
[Pages 69379-69380]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-31008]


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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 January 1, 2010, and ending on June 
30, 2010, the prompt payment interest rate is 3\1/4\ per centum per 
annum.

ADDRESSES: Comments or inquiries may be mailed to Dorothy Dicks, 
Reporting Team Leader, Federal Borrowings Branch, 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 January 1, 2010, to June 30, 2010.

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; 
Dorothy Dicks, Reporting Team Leader, Federal Borrowings Branch, 
Division of

[[Page 69380]]

Accounting Operations, Office of Public Debt Accounting, Bureau of the 
Public Debt, Parkersburg, West Virginia 26106-1328, (304) 480-5115; 
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, Sec. 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 
Sec.  12 of the Contract Disputes Act of 1978 and under the Prompt 
Payment Act. 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. 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 payment is made.'' 31 U.S.C. 3902(b).
    Therefore, notice is given that the Secretary of the Treasury has 
determined that the rate of interest applicable for the period 
beginning January 1, 2010, and ending on June 30, 2010, is 3\1/4\ per 
centum per annum.

Nancy Fleetwood,
Fiscal Assistant Secretary (Acting).
[FR Doc. E9-31008 Filed 12-28-09; 11:15 am]
BILLING CODE 4810-39-P