Abstract: Methods and systems for implementing multi-rate programs and in particular for implementing interval timers for multi-rate programs are disclosed. In some embodiments, a method of executing an interval timer is performed by one or more computer processors. The method comprises starting the interval timer, wherein starting the interval timer includes starting a stop-watch and setting a value of a Boolean flag to false. Further, the method comprises setting the value of the Boolean flag to true when the stop-watch reaches a preset time-interval value. The method also comprises, whenever the interval timer is invoked, returning the value of the Boolean flag and, if the returned value of the Boolean flag is true, restarting the stop-watch and setting the value of the Boolean flag to false. In some embodiments, the method further comprises stopping the stop-watch when the stop-watch reaches the preset time-interval value.