Interest Rate on Overdue Debts

Federal Register: August 22, 2008 (Volume 73, Number 164)

Notices

Page 49676

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr22au08-66

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 11\1/8\% for the quarter ended June 30, 2008. This interest rate will remain in effect until such time as the Secretary of the Treasury notifies HHS of any change.

Dated: August 13, 2008.

Molly P. Dawson,

Director, Office of Financial Policy and Reporting.

FR Doc. E8-19502 Filed 8-21-08; 8:45 am

BILLING CODE 4150-04-P