[Code of Federal Regulations]

[Title 44, Volume 1]

[Revised as of October 1, 2005]

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]