[Federal Register: December 29, 2006 (Volume 71, Number 250)]
[Notices]               
[Page 78513-78514]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr29de06-130]                         

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DEPARTMENT OF THE TREASURY

Fiscal Service

 
Renegotiation Board Interest Rate; Prompt 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, 2007, and ending on June 
30, 2007, the prompt payment interest rate is 5\1/4\ per centum per 
annum.

DATES: This notice announces the applicable interest rate for the 
January 1, 2007, to June 30, 2007, period.

ADDRESSES: Comments or inquiries may be mailed to Crystal Hanna, Senior 
Advisor, Borrowings Accounting Team,

[[Page 78514]]

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
.


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; 
Crystal Hanna, Senior Advisor, Borrowings Accounting Team, Division of 
Accounting Operations, Office of Public Debt Accounting, Bureau of the 
Public Debt, Parkersburg, West Virginia, 26106-1328, (304) 480-7488; 
Amy Mertz Brown, Deputy Chief Counsel, Office of the Chief Counsel, 
Bureau of the Public Debt, (202) 504-3715; or Brenda L. Hoffman, 
Attorney-Adviser, Office of the Chief Counsel, Bureau of the Public 
Debt, (202) 504-3706.

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, 2007, and ending on June 30, 2007, at 5\1/4\ per 
centum per annum. This rate is determined pursuant to the above-
mentioned sections for the purpose of said sections.

    Dated: December 21, 2006.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 06-9866 Filed 12-21-06; 10:32 am]

BILLING CODE 4810-39-M