79 FR 207 pgs. 63918-63919 - Notice of Interest Rate on Overdue Debts
Type: NOTICEVolume: 79Number: 207Pages: 63918 - 63919
Pages: 63918, 63919FR document: [FR Doc. 2014-25443 Filed 10-24-14; 8:45 am]
Agency: Health and Human Services Department
Official PDF Version: PDF Version
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DEPARTMENT OF HEALTH AND HUMAN SERVICES
Office of the Secretary
Notice of Interest Rate on Overdue Debts
Section 30.18 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, which is determined and fixed by the Secretary of the Treasury after considering private consumer rates of interest on the date that the Department of Health and Human Services becomes entitled to recovery. The rate 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" unless the Secretary waives interest in whole or part, or a different rate is prescribed by statute, contract, or repayment agreement. The Secretary of the Treasury may revise this rate quarterly. The Department of Health and Human Services publishes this rate in the Federal Register .
[top] The current rate of 10 3⁄4 %, as fixed by the Secretary of the Treasury, is certified for the quarter ended September 30, 2014. This rate is based on the Interest
Dated: October 16, 2014.
David C. Horn,
Director, Office of Financial Policy and Reporting.
[FR Doc. 2014-25443 Filed 10-24-14; 8:45 am]
BILLING CODE 4150-04-P