Code of Federal Regulations (alpha)

CFR /  Title 42  /  Part 137  /  Sec. 137.96 Does the Prompt Payment Act apply to funds transferred

Yes, the Prompt Payment Act, 39 U.S.C. section 3901 et seq., applies to the transfer of all funds due under a compact or funding agreement authorized pursuant to Title V. See also Sec. 137.76 through 137.78 and 137.341(f).

Interest or Other Income on Transfers