Prompt Payment Interest Rate; Contract Disputes Act, 3052 [2018-01049]

Download as PDF 3052 Federal Register / Vol. 83, No. 14 / Monday, January 22, 2018 / Notices Authority: 49 U.S.C. 30118, 30120: delegations of authority at 49 CFR 1.95 and 501.8. Jeffrey M. Giuseppe, Associate Administrator for Enforcement. [FR Doc. 2018–00222 Filed 1–19–18; 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. ethrower on DSK3G9T082PROD with NOTICES AGENCY: The complete 2018 Pricing of Numismatic Gold, Commemorative Gold, and Platinum Products Grid will be available at https:// catalog.usmint.gov/coin-programs/ american-eagle-coins. Pricing can vary weekly dependent upon the London Bullion Market Association (LBMA) gold price weekly average. The pricing for all United States Mint numismatic gold and VerDate Sep<11>2014 19:00 Jan 19, 2018 Jkt 244001 Notice of prompt payment interest rate; Contract Disputes Act. ACTION: For the period beginning January 1, 2018, and ending on June 30, 2018, the prompt payment interest rate is 25⁄8 per centum per annum. DATES: Applicable January 1, 2018, to June 30, 2018. 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. SUMMARY: 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 platinum products is evaluated every Wednesday and modified as necessary. FOR FURTHER INFORMATION CONTACT: Cathy Olson; Numismatic and Bullion Directorate; United States Mint, 801 9th Street NW, Washington, DC 20220; or call 202–354–7500. 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, 2018, and ending on June 30, 2018, is 25⁄8 per centum per annum. David A. Lebryk, Fiscal Assistant Secretary. [FR Doc. 2018–01049 Filed 1–19–18; 8:45 am] BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY United States Mint 2018 Pricing of Numismatic Gold, Commemorative Gold, and Platinum Products Grid United States Mint, Department of the Treasury. ACTION: Notice. AGENCY: The United States Mint announces 2018 revisions to the pricing of gold and platinum numismatic products. An excerpt of the grid appears below: SUMMARY: Dated: January 17, 2018. David Motl, Acting Deputy Director, United States Mint. [FR Doc. 2018–01007 Filed 1–19–18; 8:45 am] BILLING CODE P Authority: 31 U.S.C. 5111, 5112 & 9701. PO 00000 Frm 00095 Fmt 4703 Sfmt 9990 E:\FR\FM\22JAN1.SGM 22JAN1 EN22JA18.000</GPH> vehicle user to overload a tire without the explicit guidance provided by the required sidewall markings. Finally, SRUSA stated that NHTSA had previously granted similar noncompliances, yet, they cited no specific petitions to support this statement. In fact, NHTSA recently denied a petition where a manufacturer omitted the markings designating the maximum load and corresponding inflation pressure for that load, See 82 FR 41678. NHTSA’s Decision: In consideration of the foregoing, NHTSA finds that SRUSA has not met its burden of persuasion that the FMVSS No. 119 noncompliance is inconsequential to motor vehicle safety. Accordingly, SRUSA’s petition is hereby denied and SRUSA is obligated to provide notification of, and a remedy for, that noncompliance under 49 U.S.C. 30118 and 30120.

Agencies

[Federal Register Volume 83, Number 14 (Monday, January 22, 2018)]
[Notices]
[Page 3052]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-01049]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Fiscal Service


Prompt Payment Interest Rate; Contract Disputes Act

AGENCY: Bureau of the Fiscal Service, Treasury.

ACTION: Notice of prompt payment interest rate; Contract Disputes Act.

-----------------------------------------------------------------------

SUMMARY: For the period beginning January 1, 2018, and ending on June 
30, 2018, the prompt payment interest rate is 2\5/8\ per centum per 
annum.

DATES: Applicable January 1, 2018, to June 30, 2018.

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 
[email protected].

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, 2018, and ending on June 30, 2018, is 2\5/8\ per 
centum per annum.

David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2018-01049 Filed 1-19-18; 8:45 am]
 BILLING CODE 4810-AS-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.