Past Due Payment - Mich. Comp. Laws Section 17.54
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Michigan Laws > State Administrative Board > Past Due Payment - Mich. Comp. Laws Section 17.54
17.54 Past due payment.
Sec. 4.
(1) Except as provided in section 5, if a payment owed by a principal executive department to a private enterprise for goods or services is past due, the principal executive department shall pay an additional amount equal to 0.75% of the payment to the private enterprise to which payment is due. The principal executive department shall pay an additional amount equal to 0.75% of the payment due for the first month and each succeeding month or portion of a month the payment remains past due.
(2) A principal executive department shall not require a private enterprise to submit a petition, bill, statement, or other additional notice in order to collect an amount due under subsection (1).
History: 1984, Act 279, Eff. Mar. 29, 1985
Compiler's Notes: Former MCL 17.51 to 17.57, pertaining to Michigan mined coal, was repealed by Act 256 of 1964.
Section: 17.2 17.2a 17.2b 17.3 17.51 17.52 17.53 17.54 17.55 17.56 17.57 17.61 17.74 17.241 17.251
Last modified: March 17, 2013
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