CFR > Title 20 - Employees' Benefits > CHAPTER V—EMPLOYMENT AND TRAINING ADMINISTRATION, DEPARTMENT OF LABOR > PART 606—TAX CREDITS UNDER THE FEDERAL UNEMPLOYMENT TAX ACT; ADVANCES UNDER TITLE XII OF THE SOCIAL SECURITY ACT > SUBPART D—Interest on Advances (§606.30 to §606.35) > 606.30—Interest rates on advances.

606.30—Interest rates on advances.

Advances made to States pursuant to title XII of the Social Security Act shall be subject to interest payable on the due dates specified in § 606.31. 1 The interest rate for each calendar year will be 10 percent or, if less, the rate determined by the Secretary of the Treasury and announced to the States by the Department.

Code of Federal Regulations

Footnote(s): 1 (Editorial note: This section will be added at a later date.)

Code of Federal Regulations

[53 FR 37429, Sept. 26, 1988, as amended at 71 FR 35514, June 21, 2006]