§ 74.73 - Collection of amounts due.  


Latest version.
  • (a) Any funds paid to a recipient in excess of the amount to which the recipient is finally determined to be entitled under the terms and conditions of the award constitute a debt to the Federal Government. If not paid within a reasonable period after the demand for payment, the Secretary may reduce the debt by—

    (1) Making an administrative offset against other requests for reimbursements;

    (2) Withholding advance payments otherwise due to the recipient; or

    (3) Taking other action permitted by statute.

    (b) Except as otherwise provided by law, the Secretary charges interest on an overdue debt in accordance with 4 CFR Chapter II—Federal Claims Collection Standards.

    (Authority: 20 U.S.C. 1221e–3, 3474; OMB Circular A–110)