25.
INTEREST.
The requirements of this paragraph are not applicable when the
Contracting Officer affirmatively determines that its inclusion would not be in
the best interests of the Government.
a. Notwithstanding any other
term or condition of the grant, all amounts that become payable by the recipient
to the Government under the grant shall bear simple interest from the date due
until paid unless paid within 30 days of becoming due.
The interest rate shall be the interest rate established by the Secretary
of the Treasury (Secretary) as provided in Section 11 of the Debt Collection Act
of 1982 (31 U.S.C. 3717), 10 CFR 600.363,
which is applicable to the period in which the amount becomes due, as provided
in paragraph b. below, and then at the rate applicable for each 3-month
period as fixed by the Secretary until the amount is paid.
b. Amounts shall be due at
the earliest of the following dates:
(1) The date fixed under the grant.
(2) The date of the first written demand for payment consistent with the
grant, including any demand resulting from a termination.
(3) The date the Government transmits to the recipient a proposed
agreement to confirm completed negotiations establishing the amount of debt.
c. The interest charge made
under this provision may be reduced in accordance with the procedures prescribed
in 4 CFR 102.13 or in accordance with agency regulations in effect on the date
of original award of the grant.