[Code of Federal Regulations]
[Title 22, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 22CFR34.4]

[Page 138]
 
                       TITLE 22--FOREIGN RELATIONS
 
                     CHAPTER I--DEPARTMENT OF STATE
 
PART 34--COLLECTION OF DEBTS--Table of Contents
 
                      Subpart A--General Provisions
 
Sec. 34.4  Interest, penalty, and administrative charges.

    (a) Except as otherwise provided by statute, contract or excluded in 
accordance with FCCS, STATE will assess:
    (1) Interest on unpaid claims in accordance with existing Treasury 
rules and regulations.
    (2) Penalty charges at 6 percent a year on any portion of a claim 
that is delinquent for more than 90 days.
    (3) Administrative charges to cover the costs of processing and 
calculating delinquent claims.
    (4) Late payment charges shall be computed from the date of mailing 
or hand delivery of the notice of the claim and interest requirements.
    (5) When a debt is paid in partial or installment payments, amounts 
received shall be applied first to outstanding penalty and 
administrative cost charges, second to accrued interest, and then to 
outstanding principal.
    (6) Waiver. STATE shall consider waiver of interest, penalty charges 
and/or administrative charges in accordance with the FCCS, 4 CFR 
102.13(g).