§ 1308.5 Interest.
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Title 18—Conservation of Power and Water Resources > CHAPTER XIII—TENNESSEE VALLEY AUTHORITY > PART 1308—CONTRACT DISPUTES > Subpart A—General Matters
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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.
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