D.C. Mun. Regs. tit. 7, r. 7-161

Current through Register Vol. 71, No. 37, September 13, 2024

Rule 7-161 - INTEREST ON COMPENSATION AWARDS

161.1

Interest may only be awarded where the Program fails to make payment toward the compensation award within twelve (12) months after the date of the compensation order.

161.2

Interest on compensation awards, when awarded, shall:

(a) Be the lower of four percent (4%) per annum or the rate provided under D.C. Official Code § 28-3302(c),

(b) Not begin to accrue until twelve (12) months have elapsed after the date of the compensation order; and

(c) Not apply to any increase in award payment pursuant to Section 2324(g) of the Act.

161.3

Interest on compensation awards shall be limited to simple interest.

D.C. Mun. Regs. tit. 7, r. 7-161

Final Rulemaking published at 64 DCR 6325 (7/7/2017)