Common use of Excess Payments or Disallowed Costs Clause in Contracts

Excess Payments or Disallowed Costs. For excess payments or disallowed cost payments made by the Federal Government to the Recipient for which claims procedures have not been initiated under the Debt Collection Act of 1982, as amended, 31 U.S.C. §§ 3701 et seq., the Recipient agrees that common law interest owed the Federal Government will be determined in accordance with joint U.S. Treasury/U.S. DOJ regulations, “Standards for the Administrative Collection of Claims,” at 31 C.F.R. § 901.9(i), or otherwise as FTA may determine.

Excess Payments or Disallowed Costs. For excess payments or disallowed cost payments made by the Federal Government to the Recipient for which claims procedures have not been initiated under the Debt Collection Act of 1982, as amended, 31 U.S.C. §§ 3701 et seq.. and implementing regulations, the Recipient agrees that common law interest owed to the Federal Government will be determined in accordance with joint U.S. Treasury/U.S. DOJ regulations, “Standards for the Administrative Collection of Claims,” at 31 C.F.R. § 901.9(i), or otherwise as FTA may determine.