{"data":{"id":"us/45-cfr-1150.10","jurisdiction":"us","citation":"45 CFR 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?","body":"(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.\n(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.","path":["Title 45—Public Welfare","Subtitle B—Regulations Relating to Public Welfare","CHAPTER XI—NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES","SUBCHAPTER B—NATIONAL ENDOWMENT FOR THE ARTS","PART 1150—COLLECTION OF CLAIMS","Subpart A—General Provisions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-45.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:21Z","sha256":"0c66ef16f18611c005936abd08ecf1c3c8f4880b0ff505f818bff122e6c2c9bf","source_id":"us-cfr","stale":true,"prev":"us/45-cfr-1150.9","next":"us/45-cfr-1150.11"},"notice":"GroundRules: Original legal text. Not legal advice."}