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The Prompt Payment Act Answer Book by William G. Arnold

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Appendix 1

The Prompt Payment Act Final Rule (5 CFR 1315)

Authority: 31 U.S.C. chapter 39; Section 1010 of Public Law 106-398, 114 Stat. 1654; Section 1007 of Public Law 107-107, 115 Stat. 1012.

Source: 64 FR 52586, September 29, 1999, unless otherwise noted.

§ 1315.1 Application.

(a) Procurement contracts. This part applies to contracts for the procurement of goods or services awarded by:

(1) All Executive branch agencies except:

(i) The Tennessee Valley Authority, which is subject to the Prompt Payment Act (31 U.S.C. chapter 39), but is not covered by this part; and

(ii) Agencies specifically exempted under 5 U.S.C. 551(1); and

(2) The United States Postal Service. The Postmaster General is responsible for issuing implementing procurement ...

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