Statutes, codes, and regulations
New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTIONChapter 11 - NEW JERSEY WATER SUPPLY AUTHORITY
Subchapter 4 - SCHEDULE OF RATES, CHARGES AND DEBT SERVICE ASSESSMENTS FOR THE SALE OF WATER FROM THE MANASQUAN RESERVOIR WATER SUPPLY SYSTEM
Section 7:11-4.16 - Late payment interest charge

N.J. Admin. Code § 7:11-4.16

Download
PDF
Current through Register Vol. 56, No. 11, June 3, 2024
Section 7:11-4.16 - Late payment interest charge

All amounts not paid when due shall be subject to a late payment charge at two percent above the prime rate of the bank holding short-term deposits of the Authority, prevailing on the due date, but not to exceed 18 percent per annum, from the date when due until paid.

N.J. Admin. Code § 7:11-4.16

Recodified from 7:11-4.15 by 52 N.J.R. 1266(a), effective 6/15/2020