06-6917. Notice of Interest Rate on Overdue Debts  

  • Start Preamble

    Section 30.13 of the Department of Health and Human Services' claims Start Printed Page 46913collection 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 the 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 125/8% for the quarter ended June 30, 2006. This interest rate will remain in effect until such time as the Secretary of the Treasury notifies HHS of any change.

    Start Signature

    Dated: August 9, 2006.

    Jean Augustine,

    Director, Office of Financial Policy and Reporting.

    End Signature End Preamble

    [FR Doc. 06-6917 Filed 8-14-06; 8:45 am]

    BILLING CODE 4150-04-M

Document Information

Published:
08/15/2006
Department:
Health and Human Services Department
Entry Type:
Notice
Document Number:
06-6917
Pages:
46912-46913 (2 pages)
PDF File:
06-6917.Pdf