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48 CFR 32.608-1

32.608-1 Interest charges.

United States · 48 CFR — Federal Acquisition Regulations System · Status: effective

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48 CFR 32.608-1, 32.608-1 Interest charges, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/240998
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Full text

Unless specified otherwise in the clause at 52.232-17, Interest, interest charges shall apply to any contract debt unpaid after 30 days from the issuance of a demand unless— (a) The contract is a kind excluded under 32.611; or (b) The contract or debt has been exempted from interest charges under agency procedures.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.