§ 2516. Interest on claims and judgments

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(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.

(June 25, 1948, ch. 646, 62 Stat. 978; Sept. 3, 1954, ch. 1263, § 57, 68 Stat. 1248; Pub. L. 97–164, title I, § 139(j)(2), title III, § 302(d), Apr. 2, 1982, 96 Stat. 43, 56; Pub. L. 97–258, § 2(g)(5), (m)(3), Sept. 13, 1982, 96 Stat. 1061, 1062; Pub. L. 102–572, title IX, § 902(a)(1), Oct. 29, 1992, 106 Stat. 4516; Pub. L. 106–554, § 1(a)(7) [title III, § 307(d)(2)], Dec. 21, 2000, 114 Stat. 2763, 2763A–636.)

Historical and Revision Notes

1948 Act

Based on title 28, U.S.C., 1940 ed., § 284 and section 226 of title 31, U.S.C., 1940 ed., Money and Finance (Sept. 30, 1890, ch. 1126, § 1, 26 Stat. 537; Mar. 3, 1911, ch. 231, § 177, 36 Stat. 1141; Nov. 23, 1921, ch. 136, § 1324(b), 42 Stat. 316; June 2, 1924, ch. 234, § 1020, 43 Stat. 346; Feb. 13, 1925, ch. 229, § 3(c), 43 Stat. 939; Feb. 26, 1926, ch. 27, §§ 1117, 1200, 44 Stat. 119, 125; May 29, 1928, ch. 852, § 615(a), 45 Stat. 877; June 22, 1936, ch. 690, § 808, 49 Stat. 1746).

Subdivision

(b)of section 284 of title 28, U.S.C., 1940 ed., was omitted as covered by section 3771 of title 26, U.S.C., 1940 ed., Internal Revenue Code. Such omission required the exception in subdivision

(a)of such section 284, reading: “except as provided in subdivision (b)”, to be changed to read: “or Act of Congress expressly providing for payment thereof.”

Subsection

(b)of this section is based on the last sentence of section 226 of title 31, U.S.C., 1940 ed., Money and Finance.

Changes were made in phraseology.

Section 2(g)(5) of the bill restates 28:2516(b) because the provisions in 28:2516(b) on the periods for computing interest were superseded by the source provisions restated in section 1304 of the revised title 31.

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U.S. Code

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Public Law 97–258
To revise, codify, and enact without substantive change certain general and permanent laws, related to money and finance, es title 31, United States Code, “Money and Finance”

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U.S. Code

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June 25, 1948, ch. 646
62 Stat. 978
Sept. 3, 1954, ch. 1263, § 57
68 Stat. 1248
Pub. L. 97–164, title I, § 139(j)(2)
96 Stat. 43
Pub. L. 97–258, § 2(g)(5)
96 Stat. 1061
Pub. L. 102–572, title IX, § 902(a)(1)
106 Stat. 4516
Pub. L. 106–554, § 1(a)(7) [title III, § 307(d)(2)]
114 Stat. 2763
section 226 of title 31
Sept. 30, 1890, ch. 1126, § 1
26 Stat. 537
Mar. 3, 1911, ch. 231, § 177
36 Stat. 1141
Nov. 23, 1921, ch. 136, § 1324(b)
42 Stat. 316
June 2, 1924, ch. 234, § 1020
43 Stat. 346
Feb. 13, 1925, ch. 229, § 3(c)
43 Stat. 939
Feb. 26, 1926, ch. 27
44 Stat. 119
May 29, 1928, ch. 852, § 615(a)
45 Stat. 877
June 22, 1936, ch. 690, § 808
49 Stat. 1746
section 284 of title 28
section 3771 of title 26
Pub. L. 106–554
Pub. L. 102–572
Pub. L. 97–164, § 139(j)(2)
Pub. L. 97–258
Pub. L. 97–164, § 302(d)
Pub. L. 97–164
section 911 of Pub. L. 102–572
Pub. L. 97–164, title III, § 302(d)
96 Stat. 56

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§ 2516

Interest on claims and judgments

Stat.×2

U.S.C.×2

U.S.C.§ 1304

U.S.C.§ 171

ActJune 25, 1948, ch. 646

Stat.62 Stat. 978

ActSept. 3, 1954, ch. 1263, § 57

Stat.68 Stat. 1248

Pub. L.Pub. L. 97–164, title I, § 139(j)(2)

Cites 44 · showing 7Cited by 4 across 2 sources