Prompt Payment Interest Rate; Contract Disputes Act, 47970 [2018-20535]
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47970
Federal Register / Vol. 83, No. 184 / Friday, September 21, 2018 / Notices
will not yield data that can be
generalized to the overall population.
The Department will submit a
collection for approval under this
generic clearance if it meets the
following conditions:
• The collections are voluntary.
• The collections are low-burden for
respondents (based on considerations of
total burden hours, total number of
respondents, or burden-hours per
respondent) and are low-cost for both
the respondents and the Federal
Government.
• The collections are noncontroversial and do not raise issues of
concern to other Federal agencies.
• Any collection is targeted to the
solicitation of opinions from
respondents who have experience with
the program or may have experience
with the program in the near future.
• Personally identifiable information
is collected only to the extent necessary
and is not retained.
• Information gathered is intended to
be used only internally for general
service improvement and program
management purposes and is not
intended for release outside of the
Department (if released, the Department
must indicate the qualitative nature of
the information).
This type of generic clearance for
qualitative information will not be used
for quantitative information collections
that are designed to yield reliably
actionable results, such as monitoring
trends over time or documenting
program performance. Such data uses
require more rigorous designs that
address: The target population to which
generalizations will be made, the
sampling frame, the sample design
(including stratification and clustering),
the precision requirements or power
calculations that justify the proposed
sample size, the expected response rate,
methods for assessing potential
nonresponse bias, the protocols for data
collection, and any testing procedures
that were or will be undertaken prior to
fielding the study. Depending on the
degree of influence the results are likely
to have, such collections may still be
eligible for submission for other generic
mechanisms that are designed to yield
quantitative results.
Type of Review: New.
Affected Public: Individuals and
households, businesses and
organizations, State, Local or Tribal
Governments.
Annual Reporting and Recordkeeping
Burden:
Estimated Number of Respondents:
6,000.
Estimated Annual Responses: 6,000.
VerDate Sep<11>2014
17:30 Sep 20, 2018
Jkt 244001
Estimated Annual Burden Hours:
3,000.
Frequency of Collection: One-time
requirement.
Issued in Washington, DC, on September
17, 2018.
William S. Schoonover,
Associate Administrator of Hazardous
Materials Safety, Pipeline and Hazardous
Materials Safety Administration.
[FR Doc. 2018–20521 Filed 9–20–18; 8:45 am]
BILLING CODE 4910–60–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 July
1, 2018, and ending on December 31,
2018, the prompt payment interest rate
is 31⁄2 per centum per annum.
DATES: July 1, 2018 to December 31,
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.
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.
SUMMARY:
PO 00000
Frm 00097
Fmt 4703
Sfmt 4703
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 July
1, 2018, and ending on December 31,
2018, is 31⁄2 per centum per annum.
David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2018–20535 Filed 9–20–18; 8:45 am]
BILLING CODE 4810–AS–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Action
Office of Foreign Assets
Control, Treasury.
AGENCY:
ACTION:
Notice.
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing an update
to the identifying information of a
person currently included in the
Specially Designated Nationals and
Blocked Persons List. All property and
interests in property subject to U.S.
jurisdiction of this person are blocked,
and U.S. persons are generally
prohibited from engaging in transactions
with this person.
SUMMARY:
See SUPPLEMENTARY INFORMATION
section.
DATES:
FOR FURTHER INFORMATION CONTACT:
OFAC: Associate Director for Global
Targeting, tel.: 202–622–2420; Assistant
Director for Sanctions Compliance &
Evaluation, tel.: 202–622–2490;
Assistant Director for Licensing, tel.:
202–622–2480; Assistant Director for
Regulatory Affairs, tel. 202–622–4855;
or the Department of the Treasury’s
Office of the General Counsel: Office of
the Chief Counsel (Foreign Assets
Control), tel.: 202–622–2410.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (www.treasury.gov/ofac).
E:\FR\FM\21SEN1.SGM
21SEN1
]]>Agencies
[Federal Register Volume 83, Number 184 (Friday, September 21, 2018)]
[Notices]
[Page 47970]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-20535]
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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 July 1, 2018, and ending on December
31, 2018, the prompt payment interest rate is 3\1/2\ per centum per
annum.
DATES: July 1, 2018 to December 31, 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 July 1, 2018, and ending on December 31, 2018, is 3\1/2\ per
centum per annum.
David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2018-20535 Filed 9-20-18; 8:45 am]
BILLING CODE 4810-AS-P
