Notice2022-23308
Notice of Interest Rate on Overdue Debts
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 26, 2022
Issuing agencies
Health and Human Services Department
Full Text
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<title>Federal Register, Volume 87 Issue 206 (Wednesday, October 26, 2022)</title>
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[Federal Register Volume 87, Number 206 (Wednesday, October 26, 2022)]
[Notices]
[Pages 64802-64803]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-23308]
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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
[[Page 64803]]
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.
The current rate of 10\1/8\%, as fixed by the Secretary of the
Treasury, is certified for the quarter ended September 30, 2022. This
rate is based on the Interest Rates for Specific Legislation,
``National Health Services Corps Scholarship Program (42 U.S.C.
254o(b)(1)(A))'' and ``National Research Service Award Program (42
U.S.C. 288(c)(4)(B)).'' This interest rate will be applied to overdue
debt until the Department of Health and Human Services publishes a
revision.
David C. Horn,
Director, Office of Financial Policy and Reporting.
[FR Doc. 2022-23308 Filed 10-25-22; 8:45 am]
BILLING CODE 4150-04-P
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</html>Indexed from Federal Register on October 26, 2022.
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