81 FR 72811 - Notice of Interest Rate on Overdue Debts

DEPARTMENT OF HEALTH AND HUMAN SERVICES
Office of the Secretary

Federal Register Volume 81, Issue 204 (October 21, 2016)

[Federal Register Volume 81, Number 204 (Friday, October 21, 2016)]
[Notices]
[Page 72811]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-25459]


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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) 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\5/8\%, as fixed by the Secretary of the 
Treasury, is certified for the quarter ended September 30, 2016. This 
rate is based on the Interest Rates for Specific Legislation, 
``National Health Services Corps Scholarship Program (42 U.S.C. 
254o(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: October 13, 2016.
 David C. Horn,
Director, Office of Financial Policy and Reporting.
[FR Doc. 2016-25459 Filed 10-20-16; 8:45 am]
BILLING CODE 4150-04-P