[Federal Register Volume 88, Number 19 (Monday, January 30, 2023)]
[Notices]
[Page 5897]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-01731]


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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 11\1/4\%, as fixed by the Secretary of the 
Treasury, is certified for the quarter ended December 31, 2022. 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.

David C. Horn,
Director, Office of Financial Policy and Reporting.
[FR Doc. 2023-01731 Filed 1-27-23; 8:45 am]
BILLING CODE 4150-04-P