§ 1308.5. Interest.
66 words·~1 min read·
/us/cfr/t18/s§ 1308.5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.