# Federal Acquisition Regulation; Prompt Payment Under Cost-Reimbursement Contracts for Services
> **US Department of Defense** · Interim rule with request for comments. · Published 2001-10-22 · Effective 2001-10-22 · 66 FR 53485
## Document
- **Document number:** 01-26298
- **Category:** other
- **Sub-agency:** US Department of Defense
- **Federal Register citation:** 66 FR 53485
- **CFR reference:** 48 CFR 2
- **Publication date:** 2001-10-22
- **Effective date:** 2001-10-22
- **DOD docket:** FAC 2001-01
## Abstract

The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) have agreed on an interim rule amending the Federal Acquisition Regulation (FAR) to require agencies to pay an interest penalty whenever they make an interim payment under a cost-reimbursement contract for services more than 30 days after the agency receives a proper invoice from the contractor.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2001/10/22/01-26298/federal-acquisition-regulation-prompt-payment-under-cost-reimbursement-contracts-for-services)
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