Current as of October 03, 2022 | Updated by FindLaw Staff
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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.
Cite this article: FindLaw.com - Code of Federal Regulations Title 18. Conservation of Power and Water Resources § 18.1308.5 Interest - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-18-conservation-of-power-and-water-resources/cfr-sect-18-1308-5/
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