Federal regulations · Through 2026-08-25 · Newer source version available

5 CFR 1315.15: Grant recipients.

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Title 5—Administrative Personnel
CHAPTER III—OFFICE OF MANAGEMENT AND BUDGET
SUBCHAPTER B—OMB DIRECTIVES
PART 1315—PROMPT PAYMENT

Recipients of Federal assistance may pay interest penalties if so specified in their contracts with contractors. However, obligations to pay such interest penalties will not be obligations of the United States. Federal funds may not be used for this purpose, nor may interest penalties be used to meet matching requirements of federally assisted programs.

Collected 2026-08-27T02:23:53Z. Source file · JSON

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