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U.S. Code/Title 41/§ 7109

Title 41

41

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41 U.S.C. § 7109.Chapter 71

§ 7109

Interest

Title 41
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((a))

((1)) ** .—** Interest on an amount found due a contractor on a claim shall be paid to the contractor for the period beginning with the date the contracting officer receives the contractor’s claim, pursuant to , until the date of payment of the claim.

((2)) ** .—** On a claim for which the certification under is found to be defective, any interest due under this section shall be paid for the period beginning with the date the contracting officer initially receives the contractor’s claim until the date of payment of the claim.

((b)) ** .—** Interest shall accrue and be paid at a rate which the Secretary of the Treasury shall specify as applicable for each successive 6-month period. The rate shall be determined by the Secretary of the Treasury taking into consideration current private commercial rates of interest for new loans maturing in approximately 5 years.

§ 7108

Release: pl-119-83 (2026-04-13)

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