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Title 34: Education
Subtitle A: Office of the Secretary, Department of Education
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Subpart D: After-the-Award Requirements
74.73 - Collection of amounts due.
(a) Any funds paid to a recipient in excess of the amount to which the recipient is finally determined to be entitled under the terms and conditions of the award constitute a debt to the Federal Government. If not paid within a reasonable period after the demand for payment, the Secretary may reduce the debt by?
(1) Making an administrative offset against other requests for reimbursements;
(2) Withholding advance payments otherwise due to the recipient; or
(3) Taking other action permitted by statute.
(b) Except as otherwise provided by law, the Secretary charges interest on an overdue debt in accordance with 4 CFR Chapter II?Federal Claims Collection Standards.
(Authority: 20 U.S.C. 1221e-3, 3474; OMB Circular A-110)
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