Prompt Payment Interest Rate; Contract Disputes Act, 910 [2016-31903]
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Federal Register / Vol. 82, No. 2 / Wednesday, January 4, 2017 / Notices
mstockstill on DSK3G9T082PROD with NOTICES
The information must be submitted
no later than 30 days after the
manufacturer begins to manufacture
motor vehicles or motor vehicle
equipment subject to the FMVSS. No
specific form need be used for the
submission of this information. NHTSA
provides an online portal with a fillable
web-based format for use in submitting
the required information. This is
described in a handbook entitled
Requirements for Manufacturers of
Motor Vehicles and Motor Vehicle
Equipment that can be accessed on the
agency’s Web site at https://
vpic.nhtsa.dot.gov/. A description of the
reporting requirement is included on
pages 8 and 9 of the handbook.
Manufacturers who have previously
submitted identifying information must
ensure that the information on file is
accurate and complete by submitting
revised information no later than 30
days after a change in the business that
affects the validity of that information
has occurred.
In 2013, NHTSA received
submissions of manufacturer identifying
information under 49 CFR part 566 from
523 manufacturers. In 2014, the agency
received 507 such submissions. In 2015,
the agency received 540. Based on this
volume of submissions, the agency
projects that it will receive
approximately 523 part 566 submissions
from manufacturers in each of the next
three years. Assuming that it will take
a manufacturer on average 15 minutes to
prepare an online submittal, the agency
estimates that 131 hours will be
expended on an annual basis by all
manufacturers required to submit part
566 identifying information.
Description of the Likely Respondents
(Including Estimated Number and
Proposed Frequency of Responses to the
Collection of Information): The agency
estimates that it will receive new
submissions of manufacturer identifying
information under part 566 from
approximately 523 manufacturers of
motor vehicles and regulated items of
motor vehicle equipment per year. The
manufacturers need only submit the
required information on a one-time
basis, with the proviso that they refile
their information through the online
portal in the event of any changes in the
VerDate Sep<11>2014
16:46 Jan 03, 2017
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information on file within 30 days from
the date that any change in that
information occurs.
Estimate of the Total Annual
Reporting and Recordkeeping Burden of
the Collection of Information: 131
hours.
Estimate of the Total Annual Costs of
the Collection of Information: Assuming
that the part 566 information that needs
to be submitted through the online
portal is entered by company officers or
employees compensated at an average
rate of $30.00 per hour, the agency
estimates that $3,930 will be expended
on an annual basis by all manufacturers
required to submit that information.
Comments are invited on: whether the
proposed collection of information is
necessary for the proper performance of
the functions of the Department,
including whether the information will
have practical utility; the accuracy of
the Department’s estimate of the burden
of the proposed information collection;
ways to enhance the quality, utility and
clarity of the information to be
collected; and ways to minimize the
burden of the collection of information
on respondents, including the use of
automated collection techniques or
other forms of information technology.
Jeffrey M. Giuseppe,
Director, Office of Vehicle Safety Compliance.
[FR Doc. 2016–31888 Filed 1–3–17; 8:45 am]
BILLING CODE 4910–59–P
DEPARTMENT OF THE TREASURY
Fiscal Service
Prompt Payment Interest Rate;
Contract Disputes Act
Bureau of the Fiscal Service,
Treasury.
ACTION: Notice.
AGENCY:
For the period beginning
January 1, 2017 and ending on June 30,
2017, the prompt payment interest rate
is 21⁄2 per centum per annum.
ADDRESSES: Comments or inquiries may
be mailed to: E-Commerce Division,
Bureau of the Fiscal Service, 401 14th
Street SW., Room 306F, Washington, DC
SUMMARY:
PO 00000
Frm 00096
Fmt 4703
Sfmt 9990
20227. Comments or inquiries may also
be emailed to PromptPayment@
fiscal.treasury.gov.
Effective January 1, 2017, to June
30, 2017.
DATES:
FOR FURTHER INFORMATION CONTACT:
Thomas M. Burnum, E-Commerce
Division, (202) 874–6430; or Thomas
Kearns, Attorney-Advisor, Office of the
Chief Counsel, (202) 874–7036.
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, 2017, and ending on June 30,
2017, is 21⁄2 per centum per annum.
David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2016–31903 Filed 1–3–17; 8:45 am]
BILLING CODE 4810–AS–P
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]]>Agencies
[Federal Register Volume 82, Number 2 (Wednesday, January 4, 2017)]
[Notices]
[Page 910]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-31903]
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DEPARTMENT OF THE TREASURY
Fiscal Service
Prompt Payment Interest Rate; Contract Disputes Act
AGENCY: Bureau of the Fiscal Service, Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: For the period beginning January 1, 2017 and ending on June
30, 2017, the prompt payment interest rate is 2\1/2\ per centum per
annum.
ADDRESSES: Comments or inquiries may be mailed to: E-Commerce Division,
Bureau of the Fiscal Service, 401 14th Street SW., Room 306F,
Washington, DC 20227. Comments or inquiries may also be emailed to
PromptPayment@fiscal.treasury.gov.
DATES: Effective January 1, 2017, to June 30, 2017.
FOR FURTHER INFORMATION CONTACT: Thomas M. Burnum, E-Commerce Division,
(202) 874-6430; or Thomas Kearns, Attorney-Advisor, Office of the Chief
Counsel, (202) 874-7036.
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, 2017, and ending on June 30, 2017, is 2\1/2\ per
centum per annum.
David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2016-31903 Filed 1-3-17; 8:45 am]
BILLING CODE 4810-AS-P
