[Federal Register Volume 89, Number 82 (Friday, April 26, 2024)]
[Notices]
[Pages 32453-32454]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-08939]


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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

[[Page 32454]]

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 12\1/2\%, as fixed by the Secretary of the 
Treasury, is certified for the quarter ended March 31, 2024. 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. 2024-08939 Filed 4-25-24; 8:45 am]
BILLING CODE 4150-04-P