80 FR 49250 - Notice of Interest Rate on Overdue Debts

DEPARTMENT OF HEALTH AND HUMAN SERVICES
Office of the Secretary

Federal Register Volume 80, Issue 158 (August 17, 2015)

[Federal Register Volume 80, Number 158 (Monday, August 17, 2015)]
[Notices]
[Pages 49250-49251]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-20217]


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DEPARTMENT OF HEALTH AND HUMAN SERVICES

Office of the Secretary


Notice of Interest Rate on Overdue Debts

    Section 30.18 of the Department of Health and Human Services' 
claims collection regulations (45 CFR part 30)

[[Page 49251]]

provides that the Secretary shall charge an annual rate of interest, 
which is determined and fixed by the Secretary of the Treasury after 
considering private consumer rates of interest on the date that the 
Department of Health and Human Services becomes entitled to recovery. 
The rate 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'' 
unless the Secretary waives interest in whole or part, or a different 
rate is prescribed by statute, contract, or repayment agreement. The 
Secretary of the Treasury may revise this rate quarterly. The 
Department of Health and Human Services publishes this rate in the 
Federal Register.
    The current rate of 9\3/4\%, as fixed by the Secretary of the 
Treasury, is certified for the quarter ended June 30, 2015. This rate 
is based on the Interest Rates for Specific Legislation, ``National 
Health Services Corps Scholarship Program (42 U.S.C. 250(B)(1)(A))'' 
and ``National Research Service Award Program (42 U.S.C. 
288(c)(4)(B)).'' This interest rate will be applied to overdue debt 
until the Department of Health and Human Services publishes a revision.

    Dated: August 7, 2015.
Teresa V. Miranda,
Director, Division of Financial Management Policy.
[FR Doc. 2015-20217 Filed 8-14-15; 8:45 am]
 BILLING CODE 4150-04-P