(e) The interest rate cited in the corresponding FAR paragraph is determined by the Secretary of the Treasury under the criteria established by the Renegotiation Act of 1971, and used pursuant to the Contract Disputes Act of 1978 and the Prompt Payment Act. The annual rate for the forthcoming semi-annual period and information on its application is available on the DLA Pricing Webpage at
http://www.dla.mil/j-3/j-336/Pricing/Default%20test.asp
The annual rate for the forthcoming semi-annual period is published in the Federal Register during the fourth week of December and June. The rate and information on its application is forwarded each six months via a PROCLTR and is also available on the worldwide web at http://www.publicdebt.treas.gov/opdprmt2.htm. This information may also be obtained from the local cost and price analysis branch/element.
