Prompt Payment Interest Rate; Contract Disputes Act, 82146 [2010-32856]

Download as PDF 82146 Federal Register / Vol. 75, No. 249 / Wednesday, December 29, 2010 / Notices refund claims they prepare and to implement and administer provisions of the Internal Revenue Code. TD 9501 published on Sept 30, 2010 contain the final regulations. Respondents: Private sector: Businesses or other for-profits. Estimated Total Burden Hours: 1 hour. Bureau Clearance Officer: Allan Hopkins, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC 20224; (202) 622–6665. OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873. Celina Elphage, Treasury PRA Clearance Officer. commercial property and casualty insurers for terrorism losses. Respondents: Businesses or other forprofits; Individuals or Households. Estimated Total Reporting Burden: 4,200 hours. TRIP Clearance Officer: Sara Clary, TRIP, 1425 New York Ave., NW., Room 2101, Washington, DC 20220; (202) 622– 7814. OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873. Celina Elphage, Treasury PRA Clearance Officer. [FR Doc. 2010–32860 Filed 12–28–10; 8:45 am] BILLING CODE 4810–25–P [FR Doc. 2010–32857 Filed 12–28–10; 8:45 am] DEPARTMENT OF THE TREASURY BILLING CODE 4830–01–P Fiscal Service DEPARTMENT OF THE TREASURY Prompt Payment Interest Rate; Contract Disputes Act Submission for OMB Review; Comment Request The Department of the Treasury will submit the following public information collection requirements to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104–13 on or after the date of publication of this notice. A copy of the submissions may be obtained by contacting the Treasury Department Office Clearance Officers listed. Comments regarding these information collections should be addressed to the OMB reviewer listed and to the Treasury PRA Clearance Officer, Department of the Treasury, 1750 Pennsylvania Avenue, NW., Suite 11010, Washington, DC 20220. DATES: Written comments should be received on or before January 28, 2011 to be assured of consideration. srobinson on DSKHWCL6B1PROD with NOTICES Domestic Finance/Terrorism Risk Insurance Program (TRIP) OMB Number: 1505–0200. Type of Review: Extension without change of a currently approved collection. Title: Terrorism Risk Insurance Program Loss Reporting. Form: TRIP 01, TRIP 02B, TRIP 02C, TRIP 02A, TRIP 02. Abstract: Information collection made necessary by the Terrorism Risk Insurance Act of 2002, as amended by the Terrorism Risk Insurance Extension Act of 2005, the Terrorism Risk Insurance Program Reauthorization Act of 2007, and by Treasury implementing regulations to pay Federal share to VerDate Mar<15>2010 04:04 Dec 29, 2010 Jkt 223001 Bureau of the Public Debt, Fiscal Service, Treasury. ACTION: Notice. AGENCY: December 22, 2010. For the period beginning January 1, 2011, and ending on June 30, 2011, the prompt payment interest rate is 25⁄8 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, 2011, to June 30, 2011. FOR FURTHER INFORMATION CONTACT: Kimberly Poling, Acting Manager, Federal Borrowings Branch, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia 26106–1328, (304) 480–5103; 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, (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 service from a business concern and has failed to pay for the complete delivery of SUMMARY: PO 00000 Frm 00182 Fmt 4703 Sfmt 9990 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 § 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. 31 U.S.C. 3902(c)(1). 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. 31 U.S.C. 3902(a). ‘‘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, 2011, and ending on June 30, 2011, is 25⁄8 per centum per annum. Richard L. Gregg, Fiscal Assistant Secretary. [FR Doc. 2010–32856 Filed 12–28–10; 8:45 am] BILLING CODE 4810–39–P DEPARTMENT OF THE TREASURY Office of Thrift Supervision Appalachian Community Bank, FSB, McCaysville, GA, 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 has duly appointed the Federal Deposit Insurance Corporation as sole Receiver for Appalachian Community Bank, FSB, McCaysville, Georgia, (OTS No. 18033) on December 17, 2010. Dated: December 21, 2010. By the Office of Thrift Supervision. Sandra E. Evans, Federal Register Liaison. [FR Doc. 2010–32655 Filed 12–28–10; 8:45 am] BILLING CODE 6720–01–M E:\FR\FM\29DEN1.SGM 29DEN1

Agencies

[Federal Register Volume 75, Number 249 (Wednesday, December 29, 2010)]
[Notices]
[Page 82146]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-32856]


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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, 2011, and ending on June 
30, 2011, the prompt payment interest rate is 2\5/8\ 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, 2011, to June 30, 2011.

FOR FURTHER INFORMATION CONTACT: Kimberly Poling, Acting Manager, 
Federal Borrowings Branch, Office of Public Debt Accounting, Bureau of 
the Public Debt, Parkersburg, West Virginia 26106-1328, (304) 480-5103; 
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, (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 
service 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. 31 U.S.C. 
3902(c)(1). 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. 31 U.S.C. 3902(a). 
``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, 2011, and ending on June 30, 2011, is 2\5/8\ per 
centum per annum.

Richard L. Gregg,
Fiscal Assistant Secretary.
[FR Doc. 2010-32856 Filed 12-28-10; 8:45 am]
BILLING CODE 4810-39-P