[Federal Register: December 30, 2003 (Volume 68, Number 249)]
[Notices]               
[Page 75317-75318]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr30de03-145]                         

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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, 2004 and ending on June 
30, 2004, the prompt payment interest rate is 4.000 per centum per 
annum.

ADDRESSES: Comments or inquiries may be mailed to Crystal Hanna, Team 
Leader, Borrowings Accounting Team, 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, 2004 to June 30, 2004 period.

FOR FURTHER INFORMATION CONTACT: Stephanie Brown, Manager, Division of 
Accounting Operations, Office of Public Debt Accounting, Bureau of the 
Public Debt, Parkersburg, West Virginia, 26106-1328, (304) 480-5181; 
Crystal Hanna, Team Leader, Borrowings Accounting Team, Office of 
Public Debt Accounting, Bureau of the Public Debt, (304) 480-5139, 
Edward C. Gronseth, Deputy Chief Counsel, Office of the Chief Counsel, 
Bureau of the Public Debt, (304) 480-8692; or Geraldine J. Porco-
Hubenko, Attorney-Adviser, Office of the Chief Counsel, Bureau of the 
Public Debt, (202) 691-3708.

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, Public Law 92-41, 85 Stat. 97. For 
example, the Contract Disputes Act of 1978 Sec. 12,

[[Page 75318]]

Public Law 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 Public Law 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, 2004 and ending on June 30, 2004, is 4.000 per 
centum per annum. This rate is determined pursuant to the above-
mentioned sections for the purpose of said sections.

    Dated: December 22, 2003.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 03-31947 Filed 12-29-03; 8:45 am]

BILLING CODE 4810-39-M