Notice2024-08939
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
April 26, 2024
Issuing agencies
Health and Human Services Department
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 82 (Friday, April 26, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 82 (Friday, April 26, 2024)]
[Notices]
[Pages 32453-32454]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-08939]
-----------------------------------------------------------------------
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
[[Page 32454]]
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 12\1/2\%, as fixed by the Secretary of the
Treasury, is certified for the quarter ended March 31, 2024. 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. 2024-08939 Filed 4-25-24; 8:45 am]
BILLING CODE 4150-04-P
</pre></body>
</html>Indexed from Federal Register on April 26, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.