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COST OF MONEY RATES

Federal agencies are required to use interest rates computed under the criteria established by the Renegotiation Act of 1971 (P.L. 92-41). For example, the Contract Dispute Act of 1978 (P.L. 95-563) and the Prompt Payment Act (P.L. 97-177) provide for interest due on claims at a rate established by the Secretary of the Treasury pursuant to 31 U.S.C. 3902(a).

Cost of Money Rates

Content was removed to align with the President’s executive orders and DoD priorities in accordance with DoD Instruction 5400.17, “Official Use of Social Media for Public Affairs Purposes.”