[Federal Register Volume 64, Number 149 (Wednesday, August 4, 1999)]
[Notices]
[Page 42380]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-19941]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HEALTH AND HUMAN SERVICES

Office of the Secretary


Interest Rate on Overdue Debts

    Section 30.13 of the Department of Health and Human Resources' 
claims collection regulations (45 CFR Part 30) provides that the 
Secretary shall charge an annual rate of interest as fixed by the 
Secretary of 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 13\1/4\ 
percent for the quarter ended June 30, 1999. This interest rate will 
remain in effect until such time as the Secretary of the Treasury 
notifies HHS of any change.

    Dated: July 27, 1999.
George Strader,
Deputy Assistant Secretary, Finance.
[FR Doc. 99-19941 Filed 8-3-99; 8:45 am]
BILLING CODE 4150-04-M