[Federal Register: December 27, 2005 (Volume 70, Number 247)]
[Notices]
[Page 76497]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27de05-100]

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DEPARTMENT OF THE TREASURY

Fiscal Service


Renegotiation Board Interest Rate; 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, 2006, and ending on June
30, 2006, the prompt payment interest rate is 5\1/8\ per centum per
annum.

ADDRESSES: Comments or inquiries may be mailed to Trina R. Cook, Team
Leader, Borrowings Accounting Team, Division of Accounting Operations,
Office of Public Debt Accounting, Bureau of the Public Debt,
Parkersburg, West Virginia, 26106-1328. A copy of this Notice will be
available to download from http://www.publicdebt.treas.gov.


DATES: This notice announces the applicable interest rate for the
January 1, 2006, to June 30, 2006, period.

FOR FURTHER INFORMATION CONTACT: Stephanie Brown, Director, Division of
Accounting Operations, Office of Public Debt Accounting, Bureau of the
Public Debt, Parkersburg, West Virginia, 26106-1328, (304) 480-5181;
Trina R. Cook, Team Leader, Borrowings Accounting Team, Division of
Accounting Operations, Office of Public Debt Accounting, Bureau of the
Public Debt, Parkersburg, West Virginia, 26106-1328, (304) 480-5166;
Edward Gronseth, Deputy Chief Counsel, Office of the Chief Counsel,
Bureau of the Public Debt, (304) 480-8692; or Jacqueline Jackson,
Attorney-Adviser, Office of the Chief Counsel, Bureau of the Public
Debt, (202) 504-3713.

SUPPLEMENTARY INFORMATION: Although the Renegotiation Board is no
longer in existence, other Federal agencies are required to use
interest rates computed under the criteria established by the
Renegotiation Act of 1971 Sec.  2, Pub. L. 92-41, 85 Stat. 97. For
example, the Contract Disputes Act of 1978 Sec.  12, Pub. L. 95-563, 92
Stat. 2389, and, indirectly, the Prompt Payment Act of 1982, 31 U.S.C.
3902(a), provide for the calculation of interest due on claims at a
rate established by the Secretary of the Treasury for the Renegotiation
Board under Pub. L. 92-41.
    Therefore, notice is given that the Secretary of the Treasury has
determined that the rate of interest applicable for the period
beginning January 1, 2006, and ending on June 30, 2006, is 5\1/8\ per
centum per annum. This rate is determined pursuant to the above-
mentioned sections for the purpose of said sections.

    Dated: December 20, 2005.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 05-24456 Filed 12-23-05; 8:45 am]

BILLING CODE 4810-39-M