Page:United States Statutes at Large Volume 96 Part 2.djvu/1112

 96 STAT. 2474

PUBLIC LAW 97-452—JAN. 12, 1983

"(C) the total amount written off as actually uncollectible and the total amount allowed for uncollectible loans and .. si -^"i accounts receivable; "(D) the rate of interest charged for overdue debts and 0".i the amount of interest charged and collected on debts; "(E) the total number of claims and the total amount ..*: • ail collected; and "(F) the number and total amount of claims referred to the Attorney General for settlement and the number and total amount of claims the Attorney General settles; "(2) the information described in clause (1) of this subsection for each progreim or activity the head of the agency carries out; .ef.t4'Biv^^wi and "(3) other information the Director considers necessary to decide whether the head of the agency is acting aggressively to collect the claims of the agency. "(b) The Director shall analyze the reports submitted under subsection (a) of this section and shall report annually to Congress on ^, the management of debt collection activities by the head of each c. * agency, including the information provided the Director under subsection (a).". (B) The analysis of subchapter II of chapter 37 is amended by adding at the end the following: "3716. "8717. "3718. "3719.

Ante, p. 973.

Administrative offset. Interest and penalty on claims. Contracts for collection services. Reports on debt collection activities.".

(1?) Section 3721(b) is amended by striking out "$15,000" and substituting "$25,000". (18XA) Subtitle III is amended by adding at the end the following: "CHAPTER 39—PROMPT PAYMENT "3901. "3902. "3903. "3904. "3905. "3906.

31 USC 3901.

Definitions and application. Interest penalties. Regulations. Limitations on discount payments. Reports. Relationship to other laws.



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< § 3901. Definitions and application « "(a) In this chapter—  ^^ ' • "(1) 'agency* has the same meaning given that term in section v... -i y^. 551(1) of title 5 and includes an entity being operated, and the head of the agency identifies the entity as being operated, only as an instrumentality of the agency to carry out a program of the agency. "(2) 'business concern' means— "(A) a person carrying on a trade or business; and "(B) a nonprofit entity operating as a contractor. "(3) 'proper invoice' is an invoice containing or accompanied by substantiating documentation the Director of the Office of Management and Budget may require by regulation and the head of the appropriate agency may require by regulation or contract.

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