94-16184. Interest Rate on Overdue Debts

[Federal Register Volume 59, Number 127 (Tuesday, July 5, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16184]


[[Page Unknown]]

[Federal Register: July 5, 1994]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HEALTH AND HUMAN SERVICES

Office of the Secretary

 

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% for the 
quarter ended June 30, 1994. This interest rate will remain in effect 
until such time as the Secretary of the Treasury notifies HHS of any 
change.

    Dated: June 22, 1994.
George Strader,
Deputy Assistant Secretary, Finance.
[FR Doc. 94-16184 Filed 7-1-94; 8:45 am]
BILLING CODE 4150-04-M