18 C.F.R. § 1308.5

Current through October 31, 2024
Section 1308.5 - Interest

TVA shall pay a Contractor interest on the amount found to be due on a claim:

(a) From the date payment is due under the contract or the Contracting Officer receives the claim, whichever is later, until TVA makes payment;
(b) At the rate payable pursuant to section 12 of the Act on the date from which interest runs pursuant to paragraph (a) of this section.

18 C.F.R. § 1308.5