Notice2023-01731
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
January 30, 2023
Issuing agencies
Health and Human Services Department
Full Text
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<title>Federal Register, Volume 88 Issue 19 (Monday, January 30, 2023)</title>
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[Federal Register Volume 88, Number 19 (Monday, January 30, 2023)]
[Notices]
[Page 5897]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-01731]
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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.
The current rate of 11\1/4\%, as fixed by the Secretary of the
Treasury, is certified for the quarter ended December 31, 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. 2023-01731 Filed 1-27-23; 8:45 am]
BILLING CODE 4150-04-P
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</html>Indexed from Federal Register on January 30, 2023.
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