81_FR_44217 81 FR 44088 - Prompt Payment Interest Rate; Contract Disputes Act

81 FR 44088 - Prompt Payment Interest Rate; Contract Disputes Act

DEPARTMENT OF THE TREASURY
Fiscal Service

Federal Register Volume 81, Issue 129 (July 6, 2016)

Page Range44088-44089
FR Document2016-16121

For the period beginning July 1, 2016, and ending on December 31, 2016, the prompt payment interest rate is 1\7/8\ per centum per annum.

Federal Register, Volume 81 Issue 129 (Wednesday, July 6, 2016) 
[Federal Register Volume 81, Number 129 (Wednesday, July 6, 2016)]
[Notices]
[Pages 44088-44089]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-16121]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Prompt Payment Interest Rate; Contract Disputes Act

AGENCY: Bureau of the Fiscal Service, Treasury.

ACTION: Notice.

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SUMMARY: For the period beginning July 1, 2016, and ending on December 
31, 2016, the prompt payment interest rate is 1\7/8\ per centum per 
annum.

ADDRESSES: Comments or inquiries may be mailed to: E-Commerce Division, 
Bureau of the Fiscal Service, 401 14th Street SW., Room 306F, 
Washington, DC 20227. Comments or inquiries may also

[[Page 44089]]

be emailed to [email protected].

DATES: Effective July 1, 2016, to December 31, 2016.

FOR FURTHER INFORMATION CONTACT: Thomas M. Burnum, E-Commerce Division, 
(202) 874-6430; or Thomas Kearns, Attorney-Advisor, Office of the Chief 
Counsel, (202) 874-7036.

SUPPLEMENTARY INFORMATION: An agency that has acquired property or 
service from a business concern and has failed to pay for the complete 
delivery of property or service by the required payment date shall pay 
the business concern an interest penalty. 31 U.S.C. 3902(a). The 
Contract Disputes Act of 1978, Sec. 12, Public Law 95-563, 92 Stat. 
2389, and the Prompt Payment Act, 31 U.S.C. 3902(a), provide for the 
calculation of interest due on claims at the rate established by the 
Secretary of the Treasury.
    The Secretary of the Treasury has the authority to specify the rate 
by which the interest shall be computed for interest payments under 
section 12 of the Contract Disputes Act of 1978 and under the Prompt 
Payment Act. Under the Prompt Payment Act, if an interest penalty is 
owed to a business concern, the penalty shall be paid regardless of 
whether the business concern requested payment of such penalty. 31 
U.S.C. 3902(c)(1). Agencies must pay the interest penalty calculated 
with the interest rate, which is in effect at the time the agency 
accrues the obligation to pay a late payment interest penalty. 31 
U.S.C. 3902(a). ``The interest penalty shall be paid for the period 
beginning on the day after the required payment date and ending on the 
date on which payment is made.'' 31 U.S.C. 3902(b).
    Therefore, notice is given that the Secretary of the Treasury has 
determined that the rate of interest applicable for the period 
beginning July 1, 2016, and ending on December 31, 2016, is 1\7/8\ per 
centum per annum.

David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2016-16121 Filed 7-1-16; 4:15 pm]
 BILLING CODE 4810-AS-P

44088 Federal Register / Vol. 81, No. 129 / Wednesday, July 6, 2016 / Notices Issued in Washington, DC, on June 29, Notice is SUPPLEMENTARY INFORMATION: DEPARTMENT OF TRANSPORTATION 2016. hereby given that FHWA has taken final Ronda L. Thompson, agency actions subject to 23 U.S.C. Office of the Secretary FAA Information Collection Clearance 139(l)(1) by issuing licenses, permits, Officer, Performance, Policy, and Records Application of Public Charters, Inc. for and approvals for the following project Management Branch, ASP–110. Commuter Authority in the State of Virginia: Interstate 66 [FR Doc. 2016–15991 Filed 7–5–16; 8:45 am] Outside the Beltway Project. The project AGENCY: Department of Transportation. BILLING CODE 4910–13–P would involve improvements to ACTION: Notice of Order to Show Cause Interstate 66 between Interstate 495 and (Order 2016–6–14), Docket DOT–OST– U.S. Route 15. The actions taken by 2015–0234. DEPARTMENT OF TRANSPORTATION FHWA, and the laws under which such Federal Highway Administration actions were taken, are described in the SUMMARY: The Department of Tier 1 Final Environmental Impact Transportation is directing all interested Notice of Final Federal Agency Actions Statement and Tier 1 Record of Decision persons to show cause why it should on the Interstate 66 Outside the that was issued on November 20, 2013, not issue an order tentatively finding Beltway Project in Virginia the Tier 2 Final Environmental Public Charters, Inc., fit, willing, and Assessment dated June 21, 2016, and able to provide scheduled passenger AGENCY: Federal Highway service as a commuter air carrier using the Tier 2 Finding of No Significant Administration (FHWA), DOT. small aircraft pursuant to Part 135 of the Impact that was issued on June 22, ACTION: Notice of limitation on claims Federal Aviation Regulations. 2016. These documents and other for judicial review of actions by FHWA. project records are available on the DATES: Persons wishing to file project Web site at http:// objections should do so no later than SUMMARY: This notice announces actions July 11, 2016. outside.transform66.org, and are also taken by the FHWA that are final within ADDRESSES: Objections and answers to the meaning of 23 U.S.C. 139(l)(1). The available by contacting FHWA or the Virginia Department of Transportation objections should be filed in Docket actions relate to the Interstate 66 DOT–OST–2015–0234 and addressed to Outside the Beltway project in Fairfax at the phone numbers and addresses provided above. U.S. Department of Transportation, and Prince William Counties, Virginia. Docket Operations, (M–30, Room W12– Those actions grant licenses, permits, This notice applies to all Federal 140), 1200 New Jersey Avenue SE., West and approvals for the project. agency decisions as of the issuance date Building Ground Floor, Washington, DC DATES: By this notice, the FHWA is of this notice and all laws under which 20590, and should be served upon the advising the public of final agency such actions were taken, including but parties listed in Attachment A to the actions subject to 23 U.S.C. 139(l)(1). A not limited to: order. claim seeking judicial review of the 1. General: National Environmental FOR FURTHER INFORMATION CONTACT: Federal agency actions on the project Policy Act (NEPA) [42 U.S.C. 4321– Catherine J. O’Toole, Air Carrier Fitness will be barred unless the claim is filed 4351]; Federal-Aid Highway Act Division (X–56, Room W86–489), U.S. on or before December 5, 2016. (FAHA) [23 U.S.C. 109 and 23 U.S.C. Department of Transportation, 1200 Notwithstanding any other provision of 128]. New Jersey Avenue SE., Washington, law, a claim arising under Federal law DC 20590, (202) 366–9721. seeking judicial review of a permit, 2. Air: Clean Air Act [42 U.S.C. 7401– license, or approval issued by a Federal 7671(q)]. Dated: June 27, 2016. agency for a highway or public 3. Land: Section 4(f) of the Jenny T. Rosenberg, transportation capital project shall be Department of Transportation Act of Acting Assistant Secretary for Aviation and barred unless it is filed within 150 days 1966 [23 U.S.C. 138 and 49 U.S.C. 303]. International Affairs. after publication of a notice in the 4. Historic and Cultural Resources: [FR Doc. 2016–15948 Filed 7–5–16; 8:45 am] Federal Register announcing that the BILLING CODE 4910–9X–P Section 106 of the National Historic permit, license, or approval is final Preservation Act of 1966, as amended pursuant to the law under which the [16 U.S.C. 470(f) et seq.]. agency action is taken, unless a shorter DEPARTMENT OF THE TREASURY time is specified in the Federal law 5. Social and Economic: Farmland pursuant to which judicial review is Protection Policy Act [7 U.S.C. 4201– Fiscal Service allowed. 4209]. Prompt Payment Interest Rate; FOR FURTHER INFORMATION CONTACT: Mr. (Catalog of Federal Domestic Assistance Contract Disputes Act John Simkins, Planning and Program Number 20.205, Highway Planning Environment Team Leader, Federal and Construction. The regulations AGENCY: Bureau of the Fiscal Service, Highway Administration, 400 North 8th implementing Executive Order 12372 Treasury. Street, Richmond, Virginia, 23219; regarding intergovernmental consultation on ACTION: Notice. telephone: (804) 775–3347; email: Federal programs and activities apply to this John.Simkins@dot.gov. The FHWA program.) SUMMARY: For the period beginning July Virginia Division Office’s normal Authority: 23 U.S.C 139(l)(1) . 1, 2016, and ending on December 31, 2016, the prompt payment interest rate ehiers on DSK5VPTVN1PROD with NOTICES business hours are 7:00 a.m. to 5:00 p.m. Issued On: June 28, 2016. (Eastern Time). For the Virginia is 17⁄8 per centum per annum. Department of Transportation: Mr. John John Simkins, ADDRESSES: Comments or inquiries may Muse, 4975 Alliance Drive, Fairfax, VA Planning and Environment Team Leader. be mailed to: E-Commerce Division, 22030; email: John.Muse@ [FR Doc. 2016–15950 Filed 7–5–16; 8:45 am] Bureau of the Fiscal Service, 401 14th vdot.virginia.gov; telephone: (703) 259– BILLING CODE 4910–RY–P Street SW., Room 306F, Washington, DC 1215. 20227. Comments or inquiries may also VerDate Sep<11>2014 15:04 Jul 05, 2016 Jkt 238001 PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1

Federal Register / Vol. 81, No. 129 / Wednesday, July 6, 2016 / Notices 44089 be emailed to PromptPayment@ SUMMARY: The Department of the revenue law. Generally, tax returns and fiscal.treasury.gov. Treasury, as part of its continuing effort tax return information are confidential, Effective July 1, 2016, to DATES: to reduce paperwork and respondent as required by 26 U.S.C. 6103. December 31, 2016. burden, invites the general public and Request for Comments: Comments other Federal agencies to take this submitted in response to this notice will FOR FURTHER INFORMATION CONTACT: opportunity to comment on proposed be summarized and/or included in the Thomas M. Burnum, E-Commerce request for OMB approval. All and/or continuing information Division, (202) 874–6430; or Thomas comments will become a matter of collections, as required by the Kearns, Attorney-Advisor, Office of the public record. Comments are invited on: Paperwork Reduction Act of 1995, Chief Counsel, (202) 874–7036. (a) Whether the collection of Public Law 104–13 (44 U.S.C. SUPPLEMENTARY INFORMATION: An agency 3506(c)(2)(A)). Currently, the IRS is information is necessary for the proper that has acquired property or service soliciting comments concerning performance of the functions of the from a business concern and has failed Regulations Governing Practice Before agency, including whether the to pay for the complete delivery of the Internal Revenue Service. information shall have practical utility; property or service by the required DATES: Written comments should be (b) the accuracy of the agency’s estimate payment date shall pay the business received on or before September 6, 2016 of the burden of the collection of concern an interest penalty. 31 U.S.C. to be assured of consideration. information; (c) ways to enhance the 3902(a). The Contract Disputes Act of quality, utility, and clarity of the ADDRESSES: Direct all written comments 1978, Sec. 12, Public Law 95–563, 92 information to be collected; (d) ways to Stat. 2389, and the Prompt Payment Act, to Tuawana Pinkston, Internal Revenue Service, Room 6526, 1111 Constitution minimize the burden of the collection of 31 U.S.C. 3902(a), provide for the information on respondents, including calculation of interest due on claims at Avenue NW., Washington, DC 20224. through the use of automated collection the rate established by the Secretary of FOR FURTHER INFORMATION CONTACT: techniques or other forms of information the Treasury. Requests for additional information or technology; and (e) estimates of capital The Secretary of the Treasury has the copies of the regulation should be or start-up costs and costs of operation, authority to specify the rate by which directed to LaNita Van Dyke, or at maintenance, and purchase of services the interest shall be computed for Internal Revenue Service, Room 6526, to provide information. interest payments under section 12 of 1111 Constitution Avenue NW., Washington, DC 20224, or through the Approved: June 28, 2016. the Contract Disputes Act of 1978 and under the Prompt Payment Act. Under internet at Lanita.VanDyke@irs.gov. Tuawana Pinkston, the Prompt Payment Act, if an interest SUPPLEMENTARY INFORMATION: IRS Reports Clearance Officer. penalty is owed to a business concern, Title: Regulations Governing Practice [FR Doc. 2016–15894 Filed 7–5–16; 8:45 am] the penalty shall be paid regardless of Before the Internal Revenue Service. BILLING CODE 4830–01–P whether the business concern requested OMB Number: 1545–1871. payment of such penalty. 31 U.S.C. Regulation Project Number: REG– 3902(c)(1). Agencies must pay the 122379–02 (TD 9165). DEPARTMENT OF THE TREASURY interest penalty calculated with the Abstract: These regulations will interest rate, which is in effect at the ensure that taxpayers are provided Internal Revenue Service time the agency accrues the obligation adequate information regarding the limits of tax shelter advice that they Proposed Collection; Comment to pay a late payment interest penalty. Request for Form 1099–OID 31 U.S.C. 3902(a). ‘‘The interest penalty receive, and also ensure that shall be paid for the period beginning practitioners properly advise taxpayers AGENCY: Internal Revenue Service (IRS), on the day after the required payment of relevant information with respect to Treasury. date and ending on the date on which tax shelter options. ACTION: Notice and request for payment is made.’’ 31 U.S.C. 3902(b). Current Actions: There is no change to comments. Therefore, notice is given that the this existing regulation. Secretary of the Treasury has Type of Review: Extension of a SUMMARY: The Department of the determined that the rate of interest currently approved collection. Treasury, as part of its continuing effort applicable for the period beginning July Affected Public: Business or other for- to reduce paperwork and respondent 1, 2016, and ending on December 31, profit organizations, and individuals or burden, invites the general public and 2016, is 17⁄8 per centum per annum. households. other Federal agencies to take this Estimated Number of Respondents: opportunity to comment on proposed David A. Lebryk, 100,000. and/or continuing information Fiscal Assistant Secretary. Estimated Time per Respondent: 8 collections, as required by the [FR Doc. 2016–16121 Filed 7–1–16; 4:15 pm] minutes. Paperwork Reduction Act of 1995, BILLING CODE 4810–AS–P Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. Hours: 13,333. 3506(c)(2)(A)). Currently, the IRS is The following paragraph applies to all soliciting comments concerning Form DEPARTMENT OF THE TREASURY of the collections of information covered 1099–OID, Original Issue Discount. by this notice: Internal Revenue Service DATES: Written comments should be An agency may not conduct or sponsor, and a person is not required to received on or before September 6, 2016 Proposed Collection; Comment to be assured of consideration. ehiers on DSK5VPTVN1PROD with NOTICES respond to, a collection of information Request for Regulation Project unless the collection of information ADDRESSES: Direct all written comments displays a valid OMB control number. to Tuawana Pinkston, Internal Revenue AGENCY: Internal Revenue Service (IRS), Books or records relating to a collection Service, Room 6526, 1111 Constitution Treasury. of information must be retained as long Avenue NW., Washington, DC 20224. ACTION: Notice and request for as their contents may become material FOR FURTHER INFORMATION CONTACT: comments. in the administration of any internal Requests for additional information or VerDate Sep<11>2014 15:04 Jul 05, 2016 Jkt 238001 PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1


Document Created: 2016-07-06 07:55:44
Document Modified: 2016-07-06 07:55:44
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesEffective July 1, 2016, to December 31, 2016.
ContactThomas M. Burnum, E-Commerce Division, (202) 874-6430; or Thomas Kearns, Attorney-Advisor, Office of the Chief Counsel, (202) 874-7036.
FR Citation81 FR 44088 
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