94-1884. Notice of Interest Rate on Overdue Debts
[Federal Register Volume 59, Number 19 (Friday, January 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1884]
[Federal Register: January 28, 1994]
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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 13.25% for
the quarter ended December 31, 1993. This interest rate will remain in
effect until such time as the Secretary of the Treasury notifies HHS of
any change.
Dated: January 24, 1994.
George, H. Strader,
Deputy Assistant Secretary, Finance.
[FR Doc. 94-1884 Filed 1-27-94; 8:45 am]
BILLING CODE 4150-04-M
Document Information
- Published:
- 01/28/1994
- Department:
- Health and Human Services Department
- Entry Type:
- Uncategorized Document
- Document Number:
- 94-1884
- Pages:
- 0-0 (None pages)
- Docket Numbers:
- Federal Register: January 28, 1994