Common use of Other Collection Processes Clause in Contracts

Other Collection Processes. When the Federal Government uses methods or procedures other than those described in 31 U.S.C. § 3701 et seq. to recover moneys the Recipient owes the Federal Government, the Recipient agrees that: 1 General Requirement. Common law interest will be due as authorized by U.S. DOJ regulations, “Standards for the Administrative Collection of Claims,” 31 C.F.R. § 901.9(i), but 2 Exception. Interest for premature withdrawals of Federal funds by States or State instrumentalities will be calculated as required under:

Other Collection Processes. When the Federal Government uses methods or procedures other than those described in 31 U.S.C. § 3701 et seq. to recover moneys the Recipient owes the Federal Government, the Recipient agrees that: 1 General Requirement. Common law interest will be due as authorized by U.S. DOJ regulations, “Standards for the Administrative Collection of Claims,” 31 C.F.R. § 901.9(i), but except 2 Exception. Interest for premature withdrawals of Federal funds by States or State instrumentalities will be calculated as required underby: