---
kind: "section"
citation: "18 C.F.R. § 1308.5"
title: "18"
number: "1308.5"
heading: "Interest."
url: "https://uscodex.org/cfr/18/1308.5"
---

# §1308.5. Interest.


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)](#a) of this section.

## Notes

### Authority

Authority: Tennessee Valley Authority Act of 1933, as amended, 16 U.S.C. 831-831dd; Contract Disputes Act of 1978, 92 Stat. 2383-2391.

### Source

Source: 44 FR 29648, May 22, 1979, unless otherwise noted. Redesignated at 44 FR 30682, May 29, 1979.