Notice of Interest Rate on Overdue Debts

[Federal Register Volume 63, Number 205 (Friday, October 23, 1998)]
[Notices]
[Page 56931]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-28429]


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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 131/2% for 
the quarter ended September 30, 1998. This interest rate will remain in 
effect until such time as the Secretary of the Treasury notifies HHS of 
any change.

    Dated: October 15, 1998.
George Strader,
Deputy Assistant Secretary, Finance.
[FR Doc. 98-28429 Filed 19-22-98; 8:45 am]
BILLING CODE 4150-04-M