98-1844. Notice of Interest Rate on Overdue Debts

[Federal Register Volume 63, Number 17 (Tuesday, January 27, 1998)]
[Notices]
[Page 3902]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1844]


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DEPARTMENT OF HEALTH AND HUMAN SERVICES

Office of the Secretary


Notice of Interest Rate on Overdue Debts

    Section 30.13 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 as fixed by the 
Secretary of the Treasury after taking into consideration private 
consumer rates of interest prevailing on the date that HHS becomes 
entitled to recovery. The rate generally 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.'' This rate may be revised quarterly by the 
Secretary of the Treasury and shall be published quarterly by the 
Department of Health and Human Services in the Federal Register.
    The Secretary of the Treasury has certified a rate of 14\1/2\% for 
the quarter ended December 31, 1997. This interest rate will remain in 
effect until such time as the Secretary of the Treasury notifies HHS of 
any change.

    Dated: January 20, 1998.
George Strader,
Deputy Assistant Secretary, Finance.
[FR Doc. 98-1844 Filed 1-26-98; 8:45 am]
BILLING CODE 4150-04-M