B-165981, JUN. 6, 1969

B-165981: Jun 6, 1969

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WHICH WERE ASSESSED FOR LATE PAYMENTS IN 1967 UNDER SOUTHWESTERN POWER ADMINISTRATION POWER SALES CONTRACTS. WAIVER OF THE LATE PAYMENT CHARGES IN ACCORDANCE WITH THE DEPARTMENTAL RECOMMENDATION IS APPROVED.

B-165981, JUN. 6, 1969

TO MR. SECRETARY:

IN A LETTER OF JANUARY 15, 1969, SUPPLEMENTED BY A LETTER OF FEBRUARY 11, 1969, THE DEPUTY ASSISTANT SECRETARY FOR ADMINISTRATION REQUESTED OUR CONCURRENCE IN THE WAIVER OF LIQUIDATED DAMAGES DUE FROM TEX-LA ELECTRIC COOPERATIVE, $844.78, AND FROM SAM RAYBURN DAM ELECTRIC CORPORATION, $400, WHICH WERE ASSESSED FOR LATE PAYMENTS IN 1967 UNDER SOUTHWESTERN POWER ADMINISTRATION POWER SALES CONTRACTS.

BY VIRTUE OF THE AUTHORITY VESTED IN ME BY SECTION 10 (A) OF THE ACT OF SEPTEMBER 5, 1950, 64 STAT. 591 (41 U.S.C. 256A), WAIVER OF THE LATE PAYMENT CHARGES IN ACCORDANCE WITH THE DEPARTMENTAL RECOMMENDATION IS APPROVED.