41 CFR 301-52.10
§ 301-52.10 Late payment fee calculation.
United States · 41 CFR — Public Contracts and Property Management · Status: effective
Cite this
- Citation
- 41 CFR 301-52.10, § 301-52.10 Late payment fee calculation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/199802
- Permanent ID
ys:prov:199802@1- SHA-256
a477a702a2c415df3e15374c08e5a86711331d132e4683c31eaaebd02290504b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) To calculate late payment fees, the agency must either—
(1) Use the prevailing Prompt Payment Act Interest Rate beginning on the 31st day after submission of a proper travel claim and ending on the date on which payment is made; or
(2) Reimburse a flat fee of not less than the prompt payment amount, based on an agencywide average of travel claim payments.
(b) In addition to the fee required by paragraphs (a)(1) and (2) of this section, the agency must also pay an amount equivalent to the late payment charge that the card contractor would have been able to charge the employee had the employee not paid the bill.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.