18 C.F.R. § 1308.5   Interest.


Title 18 - Conservation of Power and Water Resources


Title 18: Conservation of Power and Water Resources
PART 1308—CONTRACT DISPUTES
Subpart A—General Matters

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§ 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.

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