31 U.S.C. § 3906 — Untitled legal text

Page 367 TITLE 31—MONEY AND FINANCE § 3907 (Added Pub. L. 100–496, § 9(a)(2), Oct. 17, 1988, 102 Stat. 2460; amended Pub. L. 107–217, § 3(h)(7), Aug. 21, 2002, 116 Stat. 1300.) Editorial Notes PRIOR PROVISIONS A prior section 3905 was renumbered section 3906 of this title. AMENDMENTS 2002—Subsec. (f)(1). Pub. L. 107–217 substituted ‘‘sec- tion 3133(b) of title 40’’ for ‘‘section 2 of the Act of Au- gust 24, 1935 (40 U.S.C. 270b)’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section applicable to payments under contracts awarded, contracts renewed, and contract options exer- cised during or after the first fiscal quarter which be- gins more than 90 days after Oct. 17, 1988, see section 14(a) of Pub. L. 100–496, set out as an Effective Date of 1988 Amendment note under section 3902 of this title. [§ 3906. Repealed. Pub. L. 105–362, title XIII, § 1301(c)(1), Nov. 10, 1998, 112 Stat. 3293] Section, added Pub. L. 97–452, § 1(18)(A), Jan. 12, 1983, 96 Stat. 2476, § 3905; renumbered § 3906 and amended Pub. L. 100–496, §§ 9(a)(1), 10, Oct. 17, 1988, 102 Stat. 2460, 2463, required submission of reports to Director of the Office of Management and Budget by 60th day after end of fis- cal year by head of each agency concerning agency’s payment practices during that fiscal year. A prior section 3906 was renumbered section 3907 of this title. § 3907. Relationship to other laws (a) A claim for an interest penalty not paid under this chapter may be filed under section 7103 of title 41. (b)(1) An interest penalty under this chapter does not continue to accrue— (A) after a claim for a penalty is filed under chapter 71 of title 41; or (B) for more than one year. (2) Paragraph (1) of this subsection does not prevent an interest penalty from accruing under section 7109(a)(1) and (b) of title 41 after a pen- alty stops accruing under this chapter. A pen- alty accruing under section 7109(a)(1) and (b) may accrue on an unpaid contract payment and on the unpaid penalty under this chapter. (c) Except as provided in section 3904 of this title, this chapter does not require an interest penalty on a payment that is not made because of a dispute between the head of an agency and a business concern over the amount of payment or compliance with the contract. A claim re- lated to the dispute, and interest payable for the period during which the dispute is being re- solved, is subject to chapter 71 of title 41. (Added Pub. L. 97–452, § 1(18)(A), Jan. 12, 1983, 96 Stat. 2477, § 3906; renumbered § 3907, Pub. L. 100–496, § 9(a)(1), Oct. 17, 1988, 102 Stat. 2460; amended Pub. L. 111–350, § 5(h)(8), Jan. 4, 2011, 124 Stat. 3849.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 3906(a) ..... 31 App.:1803(a)(1). May 21, 1982, Pub. L. 97–177, § 4, 96 Stat. 87. HISTORICAL AND REVISION NOTES—CONTINUED Revised Section Source (U.S. Code) Source (Statutes at Large) 3906(b) ..... 31 App.:1803(a)(2), (3). 3906(c) ..... 31 App.:1803(b). In the section, the words ‘‘be construed to’’ are omit- ted as surplus. In subsection (a), the words ‘‘not paid under this chapter’’ are substituted for ‘‘which a Federal agency has failed to pay in accordance with the requirements of section 2 or 3 of this chapter’’ to eliminate unneces- sary words. In subsection (b)(2), the word ‘‘accruing’’ is added for clarity. The word ‘‘both’’ is omitted as surplus. In subsection (c), the words ‘‘with respect to disputes concerning discounts’’, ‘‘by the required payment date’’, and ‘‘other allegations concerning’’ are omitted as surplus. Editorial Notes AMENDMENTS 2011—Subsec. (a). Pub. L. 111–350, § 5(h)(8)(A), sub- stituted ‘‘section 7103 of title 41’’ for ‘‘section 6 of the Contract Disputes Act of 1978 (41 U.S.C. 605)’’. Subsec. (b)(1)(A). Pub. L. 111–350, § 5(h)(8)(B), sub- stituted ‘‘chapter 71 of title 41’’ for ‘‘the Contract Dis- putes Act of 1978 (41 U.S.C. 601 et seq.)’’. Subsec. (b)(2). Pub. L. 111–350, § 5(h)(8)(C), substituted ‘‘section 7109(a)(1) and (b) of title 41’’ for ‘‘section 12 of the Contract Disputes Act of 1978 (41 U.S.C. 611)’’ and ‘‘section 7109(a)(1) and (b) may’’ for ‘‘section 12 may’’. Subsec. (c). Pub. L. 111–350, § 5(h)(8)(D), substituted ‘‘chapter 71 of title 41’’ for ‘‘the Contract Disputes Act of 1978 (41 U.S.C. 601 et seq.)’’. 1988—Pub. L. 100–496 renumbered section 3906 of this title as this section. SUBTITLE IV—MONEY Chap. Sec. 51. Coins and Currency ............................ 5101 53. Monetary Transactions ...................... 5301 CHAPTER 51—COINS AND CURRENCY SUBCHAPTER I—MONETARY SYSTEM Sec. 5101. Decimal system. 5102. Standard weight. 5103. Legal tender. SUBCHAPTER II—GENERAL AUTHORITY 5111. Minting and issuing coins, medals, and nu- mismatic items. 5112. Denominations, specifications, and design of coins. 5113. Tolerances and testing of coins. 5114. Engraving and printing currency and security documents. 5115. United States currency notes. 5116. Buying and selling gold and silver. 5117. Transferring gold and gold certificates. 5118. Gold clauses and consent to sue. 5119. Redemption and cancellation of currency. 5120. Obsolete, mutilated, and worn coins and cur- rency. 5121. Refining, assaying, and valuation of bullion. 5122. Payment to depositors. SUBCHAPTER III—UNITED STATES MINT 5131. Organization. 5132. Administrative. 5133. Settlement of accounts.