72 FR 79 pg. 20551 - Notice of Interest Rate on Overdue Debts
Type: NOTICEVolume: 72Number: 79Page: 20551
FR document: [FR Doc. 07-2048 Filed 4-24-07; 8:45 am]
Agency: Health and Human Services Department
Sub Agency: Office of the Secretary
Official PDF Version: PDF Version
DEPARTMENT OF HEALTH AND HUMAN SERVICES
Office of the Secretary
Notice of Interest Rate on Overdue Debts
Section 30.13 of the Department of Health and Human Services' claims collection regulations (45 CFR part 30) provides that the Secretary shall charge an annual rate of interest as fixed by the Secretary of the Treasury after taking into consideration private consumer rates of interest prevailing on the date that HHS becomes entitled to recovery. The rate generally cannot be lower than the Department of Treasury's current value of funds rate or the applicable rate determined from the "Schedule of Certified Interest Rates with Range of Maturities." This rate may be revised quarterly by the Secretary of the Treasury and shall be published quarterly by the Department of Health and Human Services in the Federal Register .
The Secretary of the Treasury has certified a rate of 12 3⁄8 % for the quarter ended March 31, 2007. This interest rate will remain in effect until such time as the Secretary of the Treasury notifies HHS of any change.
Dated: April 18, 2007.
Jean Augustine,
Director, Office of Financial Policy and Reporting.
[FR Doc. 07-2048 Filed 4-24-07; 8:45 am]
BILLING CODE 4150-04-M