[Code of Federal Regulations]
[Title 44, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 44CFR11.60]

[Page 129]
 
              TITLE 44--EMERGENCY MANAGEMENT AND ASSISTANCE
 
 CHAPTER I--FEDERAL EMERGENCY MANAGEMENT AGENCY, DEPARTMENT OF HOMELAND 
                                SECURITY
 
PART 11--CLAIMS--Table of Contents
 
    Subpart C--Collection of Debts by the Government Under the Debt 
                         Collection Act of 1982
 
Sec. 11.60  Sale of debts due the United States arising under programs 
administered by the Agency.

    Where debts due the United States arising under programs 
administered by the Agency prove to be uncollectable or unresolvable 
through procedures described in Sec.Sec. 11.33 through 11.35, 11.41 
through 11.48, and 11.50 through 11.55 and where the stated value of the 
debt is less than $100,000 or such higher limit prescribed by the 
Attorney General in accordance with 31 U.S.C. 3711(a)(2), excluding 
penalties and interest, then the Agency may contract to sell or assign 
such debts under competitive sales procedures. The Agency may sell or 
assign debts valued at $600, or less, excluding penalties and interest, 
after decision by the ACO. Where the debt exceeds $600, but is less than 
$100,000 or such higher limit prescribed by the Attorney General in 
accordance with 31 U.S.C. 3711(a)(2), exclusive of interest and 
penalties, the Agency may sell or assign such debts only after the ACO 
has coordinated such action with the Department of Justice and the 
General Accounting Office.

[49 FR 38267, Sept. 28, 1984, as amended at 57 FR 54715, Nov. 20, 1992]