N.J. Admin. Code § 7:11-2.17

Current through Register Vol. 56, No. 12, June 17, 2024

Section 7:11-2.17 - Overdraft service rate

An overdraft service rate in excess of a Peaking Factor of 10 percent shall be paid at the total rate under this schedule as set forth in 7:11-2.1(c) multiplied by an overdraft service rate of 120 percent for the average million gallons diverted each day or fraction thereof during any calendar month with the exception of excess withdrawals for fire suppression or other catastrophes.

New Rule, R.2004 d.234, effective 6/21/2004 (operative July 1, 2004.
See: 35 N.J.R. 5472(a), 36 N.J.R. 3073(a).
Former N.J.A.C. 7:11-2.17, Late payment interest charge, recodified to N.J.A.C. 7:11-2.19.
Amended by R.2009 d.196, effective 6/15/2009 (operative July 1, 2009).
See: 40 N.J.R. 6891(a), 41 N.J.R. 2466(b).
Inserted "with the exception of excess withdrawals for fire suppression or other catastrophes".