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TT&L (Treasury Tax and Loan) Rates

Current Value of Funds Rate:  The Current Value of Funds Rate is used to calculate interest on overdue Federal Government receivables and to determine the effectiveness of taking cash discounts on Government payments.

Renegotiation Board Rate (Prompt Payment):  The Renegotiation Board Rate, established for interest payments under the Contract Disputes Act of 1978, is used to calculate interest on overdue Federal Government payments under the Prompt Payment Act, as amended (OMB Circular A-125).
 
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