The Treasury Secretary has set a rate of 6.75% for the period January 1 through June 30, 2000.  The new rate is an increase over the 6.5% applicable in the last six months of 1999. The Secretary of the Treasury semiannually establishes an interest rate that is then applied for several government contract-related purposes.  Among other things, the rates apply to (1) what a contractor must pay the government under the “Interest” clause at FAR 52.232-17 and (2) what the government must pay a contractor on either a claim decided in its favor under the Contract Disputes Act or payment delays under the Prompt Payment Act.  The rate also applies to cost of money calculations under Cost Accounting Standard 414 and FAR 31.205-10.

{TAG_FORM_TITLE}