---
kind: "section"
citation: "45 C.F.R. § 1150.10"
title: "45"
number: "1150.10"
heading: "What is the extent of the Chairperson's authority to compromise debts owed to the Endowment, or to suspend or terminate collection action on such debts?"
url: "https://uscodex.org/cfr/45/1150.10"
---

# §1150.10. What is the extent of the Chairperson's authority to compromise debts owed to the Endowment, or to suspend or terminate collection action on such debts?

- (a) The Chairperson may exercise his or her authority to compromise, or to suspend or terminate collection action on, those debts owed to the Endowment and not exceeding $100,000, excluding interest, in conformity with the Federal Claims Collection Act of 1966, as amended; the Federal Claims Collection Standards issued thereunder; and this part, except where standards are established by other statutes or authorized regulations issued pursuant to them.
- (b) The portion of a debt owed to the Endowment that is unrecovered as the result of a compromise shall be reported to the Internal Revenue Service (IRS) as income to the debtor.

## Notes

### Authority

Authority: 31 U.S.C. 3711, 3716-3718, 3720A; 5 U.S.C. 5514.

### Source

Source: 65 FR 37486, June 15, 2000, unless otherwise noted.