Prompt Payment Interest Rate; Contract Disputes Act
For the period beginning January 1, 2010, and ending on June 30, 2010, the prompt payment interest rate is 3\1/4\ per centum per annum.
Offset of Tax Refund Payments To Collect Past-Due, Legally Enforceable Nontax Debt
The Department of the Treasury, Financial Management Service (FMS), is amending its regulation governing the centralized offset of tax refund payments to collect nontax debts owed to the United States. The amendment authorizes the offset of Federal tax refunds irrespective of the amount of time the debt has been outstanding.
Debt Collection Authorities Under the Debt Collection Improvement Act of 1996
This final rule adopts the interim rule, published in the Federal Register on June 11, 2009, concerning the time limitation on the collection of nontax debts by centralized offset.