S.C. Code Regs. § 61-79.265.FF.1315

Current through Register Vol. 48, No. 4, Aril 26, 2024

Section 61-79.265.FF.1315 - Sanctions for delinquent payments

(a) Interest. In accordance with 31 U.S.C. 3717(a)(1), delinquent e-Manifest user fee accounts shall be charged a minimum annual rate of interest equal to the average investment rate for Treasury tax and loan accounts (Current Value of Funds Rate or CVFR) for the twelve-month period ending September 30 of each year, rounded to the nearest whole percent.

(1) E-Manifest user fee accounts are delinquent if the accounts remain unpaid after the due date specified in the invoice or other notice of the fee amount owed.

(2) Due dates for invoiced or electronically billed fee amounts shall be thirty (30) days from the date of the electronic invoice or bill.

(b) Financial penalty. In accordance with 31 U.S.C. 3717(e), e-Manifest user fee accounts that are more than ninety (90) days past due (i.e., not paid by date one hundred twenty (120) days from date of invoice) shall be charged an additional penalty of six (6) percent per year assessed on any part of the debt that is past due for more than ninety (90) days, plus any applicable processing and handling charges.

(c) Compliance with manifest perfection requirement. A manifest is fully perfected when:

(1) The manifest has been submitted by the owner or operator of a receiving facility to the e-Manifest system, as either an electronic submission or a paper manifest submission; and

(2) All user fees arising from the submission of the manifest have been fully paid.

S.C. Code Regs. 61-79.265.FF.1315

Added by State Register Volume 43, Issue No. 11, eff. 11/22/2019.