48 CFR 32.608-1 - 32.608-1 Interest charges.

Regulations last checked for updates: Oct 18, 2024

Title 48 - Federal Acquisition Regulations System last revised: Oct 10, 2024

View all text of Subpart 32.6 [32.600 - 32.611]

32.608-1 - 32.608-1 Interest charges.

Unless specified otherwise in the clause at 52.232-17, Interest, interest charges shall apply to any contract debt unpaid after 30 days from the issuance of a demand unless—

(a) The contract is a kind excluded under 32.611; or

(b) The contract or debt has been exempted from interest charges under agency procedures.

authority: 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

source: 48 FR 42328, Sept. 19, 1983, unless otherwise noted.

cite as: 48 CFR 32.608-1