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Prompt Payment Act Interest Rate

Renegotiation Board Interest Rate; Prompt Payment Act Interest Rate; Contract Dispute Act Interest Rate; Facilities Capital Cost of Money Rate

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 (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).

For the Period beginning July 1, 2004, and ending December 31, 2004, the rate of interest applicable for the purpose of the cited sections is 4.500% (4.500 per centum) per annum. This rate of interest was published in the Federal Register, Volume 69, Number 124, Pages 38952-38953 on Tuesday, June 29, 2004.

Previous Rates
Period Rate Federal Register
Jan-04 - Jun-04 4 Vol. 68 #249, Tuesday, 12/30/03, page 75317
Jul-03 - Dec-03 3 1/8 Vol. 68 #126, Tuesday, 07/01/03, page 39185
Jan-03 - Jun-03 4 1/4 Vol. 67 #247, Tuesday, 12/24/02, page 78566
Jul-02 - Dec-02 5 1/4 Vol. 67 #126, Monday, 07/01/02, page 44264
Jan-02 - Jun-02 5 1/2 Vol. 66 #249, Friday, 12/28/01, page 67366
Jul-01 - Dec-01 5 7/8 Vol. 66 #127, Monday, 07/02/01, page 34990
Jan-01 - Jun-01 6 3/8 Vol. 65 #250, Thursday, 12/28/00, page 82457
Jul-00 - Dec-00 7 1/4 Vol. 65 #127, Friday, 06/30/00, page 40727
Jan-00 - Jun-00 6 3/4 Vol. 64 #245, Wednesday, 12/22/99, page 71851
Jul-99 - Dec-99 6 1/2 Vol. 64 #127, Friday, 07/02/99, page 36068
Jan-99 - Jun-99 5 Vol. 63 #251, Thursday, 12/31/98, page 72346
Jul-98 - Dec-98 6 Vol. 63 #125, Tuesday, 6/30/98, page 35645
Jan-98 - Jun-98 6 1/4 Vol. 62 #250, Wednesday, 12/31/97, page 68356
Jul-97 - Dec-97 6 3/4 Vol. 62 #126, Tuesday, 7/01/97, page 35541
Jan-97 - Jun-97 6 3/8 Vol. 62 # 4, Tuesday, 1/07/97, page 1023
Jul-96 - Dec-96 7 Vol. 61 #140, Friday, 7/19/96, page 37794
Jan-96 - Jun-96 5 7/8 Vol. 61 # 7, Wednesday, 1/10/96, page 763
Jul-95 - Dec-95 6 3/8 Vol. 60 #128, Wednesday, 7/05/95, page 35105
Jan-95 - Jun-95 8 1/8 Vol. 60 # 2, Wednesday, 1/04/95, page 530
Jul-94 - Dec-94 7 Vol. 59 # 127, Tuesday, 7/05/94, page 34464
Jan-94 - Jun-94 5 1/2 Vol. 59 # 19, Friday, 1/28/94, page 4135
Jul-93 - Dec-93 5 5/8 Vol. 58 # 128, Wednesday, 7/07/93, page 36511
Jan-93 - Jun-93 6 1/2 Vol. 57 # 251, Wednesday, 12/30/92, page 62418
Jul-92 - Dec-92 7 Vol. 57 # 128, Thursday, 7/02/92, page 29559
Jan-92 - Jun-92 6 7/8 Vol. 57 # 3, Monday, 1/06/92, page 428
Jul-91 - Dec-91 8 1/2 Vol. 56 # 127, Tuesday, 7/02/91, page 30413
Jan-91 - Jun-91 8 3/8 Vol. 56 # 1, Wednesday, 1/02/91, page 101
Jul-90 - Dec-90 9 Vol. 55 # 129; Thursday, 7/05/90, page 27743
Jan-90 - Jun-90 8 1/2 Vol. 54 # 249, Friday, 12/29/89, page 53798
Jul-89 - Dec-89 9 1/8 Vol. 54 # 123, Wednesday, 6/28/89, page 27266
Jan-89 - Jun-89 9 3/4 Vol. 53 # 251, Friday, 12/30/88, page 53117
Jul-88 - Dec-88 9 1/4 Vol. 53 # 126, Thursday, 6/30/88, page 24827
Jan-88 - Jun-88 9 3/8 Vol. 52 # 250, Wednesday, 12/30/87, page 49246
Jul-87 - Dec-87 8 7/8 Vol. 52 # 126, Wednesday, 7/01/87, page 24581
Jan-87 - Jun-87 7 5/8 Vol. 52 # 4, Wednesday, 1/07/87, page 655
Jul-86 - Dec-86 8 1/2 Vol. 51 # 129, Monday, 7/07/86, page 24603
Jan-86 - Jun-86 9 3/4 Vol. 51 # 8, Monday, 1/13/86, page 1469
Jul-85 - Dec-85 10 3/8 Vol. 50 # 128, Wednesday, 7/03/85, page 27525
Jan-85 - Jun-85 12 1/8 Vol. 49 # 250, Thursday, 12/27/84, page 50357
Jul-84 - Dec-84 14 3/8 Vol. 49 # 125, Wednesday, 6/27/84, page 26335
Jan-84 - Jun-84 12 3/8 Vol. 48 # 249, Tuesday, 12/27/83, page 57044
Jul-83 - Dec-83 11 1/2 Vol. 48 # 126, Wednesday, 6/29/83, page 29985
Jan-83 - Jun-83 11 1/4 Vol. 47 # 247, Thursday, 12/23/82, page 57388
Jul-82 - Dec-82 15 1/2 Vol. 47 # 123, Friday, 6/25/82, page 27654
Jan-82 - Jun-82 14 3/4 Vol. 47 # 2, Tuesday, 1/05/82, page 366
Jul-81 - Dec-81 14 7/8 Vol. 46 # 124, Monday, 6/29/81, page 33413
Jan-81 - Jun-81 14 5/8 Vol. 46 # 2, Monday, 1/05/81, page 1073
Jul-80 - Dec-80 10 1/2 Vol. 45 # 126, Friday, 6/27/80, page 43515
Jan-80 - Jun-80 12 1/4 Vol. 45 # 8, Friday, 1/11/80, page 2456