43 USC 494 - Pecuniary Penalty for Nonpayment of Operation Charge

If any operation or maintenance charge is unpaid on the 1st day of the third calendar month after it became due a penalty of 1 per centum of the amount unpaid shall be added thereto, and thereafter an additional penalty of one-half of 1 per centum of the amount unpaid shall be added on the 1st day of each calendar month if such charge and penalties shall remain unpaid.

(Aug. 13, 1914, ch. 247, §6, 38 Stat. 688; Dec. 5, 1924, ch. 4, §4, subsec. H, 43 Stat. 703.)

Sections:  Previous  485h-7  485i  485j  485k  491  492  493  494  495  496  497  498  499  499a  499b  Next

Last modified: October 26, 2015