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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Interest on a claim against the United States shall be allowed in a judgment of the United States Court of Federal Claims only under a contract or Act of Congress expressly providing for payment thereof.
(b) Interest on a judgment against the United States affirmed by the Supreme Court after review on petition of the United States is paid at a rate equal to the weekly average 1-year constant maturity Treasury yield, as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding the date of the judgment.
Cite this article: FindLaw.com - 28 U.S.C. § 2516 - U.S. Code - Unannotated Title 28. Judiciary and Judicial Procedure § 2516. Interest on claims and judgments - last updated January 01, 2024 | https://codes.findlaw.com/us/title-28-judiciary-and-judicial-procedure/28-usc-sect-2516/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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