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FAR RIN: 9000-AL73 Publication ID: Spring 2011 
Title: FAR Case 2009-034, TINA Interest Calculations 
Abstract: DoD, GSA, and NASA agreed based on a decision from the U.S. Court of Appeals for the Federal Circuit to amend the Federal Acquisition Regulation at FAR clauses 52.214-27, 52.215-10, and 52.215-11 to replace the term "simple interest" as the requirement for calculating interest for Truth in Negotiations Act cost impacts with the phrase "Interest compounded daily as required by 26 U.S.C. 6622." Thus, compound interest calculations will be applied to Government overpayments as a result of defective cost or pricing data. 
Agency: DOD/GSA/NASA (FAR)(FAR)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 48 CFR 52   
Legal Authority: 40 USC 121(c)    10 USC ch 137    42 USC 2473(c)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/22/2010  75 FR 57719   
NPRM Comment Period End  11/22/2010    
Final Rule  06/00/2011    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Edward Chambers
Procurement Analyst
DOD/GSA/NASA (FAR)
1800 F Street, NW.,
Washington, DC 20405
Phone:202 501-3221
Email: edward.chambers@gsa.gov