Finanse publiczne · 30.10.2003

Financial Current Value of Funds Rate

This notice announces the interest rate for use in Federal debt collection and for discount and rebate evaluation. Pursuant to Section 11 of the Debt Collection Act of 1982, as amended, 31 U.S.C. 3717, the Secretary of the Treasury is responsible for computing and publishing the percentage rate to be used in assessing interest charges for outstanding debts on claims owed the U.S. Government. Treasury's Cash Management requirements (I TFM 6-8000) prescribe use of this rate by agencies as a comparison point in evaluating the cost-effectiveness of cash discounts. In addition, 5 CFR 1315.8 of the Prompt Payment rule on "Rebates" requires that this rate be used in determining whether agencies should pay purchase card invoices when the card issuer offers rebates. Notice is hereby given that the applicable rate is 1 percent for calendar year 2004.