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32.608-1 Interest charges.

32.608-1 Interest charges.

Unless specified otherwise in the clause at 52.232-17 , Interest, interest charges shall apply to any contract debt unpaid after 30 days from the issuance of a demand unless-

      (a) The contract is a kind excluded under 32.611; or

      (b) The contract or debt has been exempted from interest charges under agency procedures.