Prompt Payment Interest Rate; Contract Disputes Act, 76624 [2012-31194]

Download as PDF 76624 Federal Register / Vol. 77, No. 249 / Friday, December 28, 2012 / Notices Fund will not respond to questions for Applicants until after the Application deadline. Applications and other information regarding the CDFI Fund and its programs may be obtained from the CDFI Fund’s Web site at http:// www.cdfifund.gov. The CDFI Fund will post on its Web site responses to questions of general applicability regarding the CDFI Program. B. Applicants may contact the CDFI Fund as follows: TABLE 11—CONTACT INFORMATION Fax number for all offices: 202–453–2466 Type of question Telephone number (not toll free) CDFI Program ................................................................... Native Initiatives/NACA ..................................................... Certification, Compliance Monitoring, and Evaluation ...... Information Technology Support ...................................... C. 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Information Sessions and Outreach The CDFI Fund may conduct webinars or host information sessions for organizations that are considering applying to, or are interested in learning about, the CDFI Fund’s programs. For further information, please visit the CDFI Fund’s Web site at http:// www.cdfifund.gov. Authority: 12 U.S.C. 4701, et seq; 12 CFR parts 1805 and 1815. Dated: December 21, 2012. Donna J. Gambrell, Director, Community Development Financial Institutions Fund. tkelley on DSK3SPTVN1PROD with [FR Doc. 2012–31167 Filed 12–27–12; 8:45 am] BILLING CODE 4810–70–P VerDate Mar<15>2010 20:15 Dec 27, 2012 Jkt 229001 202–653–0421, 202–653–0421, 202–653–0423 202–653–0300 option 1 ................................................. option 2 ................................................. ................................................................ ................................................................ 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 January 1, 2013, and ending on June 30, 2013, the prompt payment interest rate is 1–3/8 per centum per annum. ADDRESSES: Comments or inquiries may be mailed to Sam Doak, 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. Effective January 1, 2013, to June 30, 2013. FOR FURTHER INFORMATION CONTACT: Adam Charlton, Manager, Federal Borrowings Branch, Office of Public Debt Accounting, Bureau of the Public Debt, Parkersburg, West Virginia 26106– 1328, (304) 480–5248; Sam Doak, 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) 480–5117; or Elisha S. Garvey, Attorney-Advisor, Office of the Chief Counsel, Bureau of the Public Debt, (202) 504–3715. 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, 31 U.S.C. 3902(a), provide for the DATES: PO 00000 Frm 00176 Fmt 4703 Email addresses Sfmt 4703 cdfihelp@cdfi.treas.gov. cdfihelpl@cdfi.treas.gov. ccme@cdfi.treas.gov. IThelpdesk@cdfi.treas.gov. 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. 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 such penalty. 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, 2013, and ending on June 30, 2013, is 1–3/8 per centum per annum. Richard L. Gregg, Fiscal Assistant Secretary. [FR Doc. 2012–31194 Filed 12–27–12; 8:45 am] BILLING CODE 4810–39–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to the Foreign Narcotics Kingpin Designation Act Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing the names of five individuals and two E:\FR\FM\28DEN1.SGM 28DEN1

Agencies

[Federal Register Volume 77, Number 249 (Friday, December 28, 2012)]
[Notices]
[Page 76624]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-31194]


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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, 2013, and ending on June 
30, 2013, the prompt payment interest rate is 1-3/8 per centum per 
annum.

ADDRESSES: Comments or inquiries may be mailed to Sam Doak, 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, 2013, to June 30, 2013.

FOR FURTHER INFORMATION CONTACT: Adam Charlton, Manager, Federal 
Borrowings Branch, Office of Public Debt Accounting, Bureau of the 
Public Debt, Parkersburg, West Virginia 26106-1328, (304) 480-5248; Sam 
Doak, 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) 480-5117; or 
Elisha S. Garvey, Attorney-Advisor, Office of the Chief Counsel, Bureau 
of the Public Debt, (202) 504-3715.

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, 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. 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 such penalty. 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, 2013, and ending on June 30, 2013, is 1-3/8 per 
centum per annum.

Richard L. Gregg,
Fiscal Assistant Secretary.
[FR Doc. 2012-31194 Filed 12-27-12; 8:45 am]
BILLING CODE 4810-39-P