1. (a) The Arkansas High Cost Fund administrator shall, at least annually, notify each provider of telecommunications service of the amount of the contribution required to be made to the Arkansas High Cost Fund by each contributor, based upon the information provided pursuant to this part.
2. (b) Each contributor shall pay its contribution directly to the administrator on a monthly basis, unless otherwise ordered by the Arkansas Public Service Commission.

3. (c)

   1. (1) There shall be a late charge on any current monthly payment due from any telecommunications provider if not received by the administrator within five (5) days after the due date.

   2. (2)

      1. (A) The late charges shall total two percent (2%) of the current monthly payment due.
      2. (B) In no event, however, shall the amount of any late charges be less than fifty dollars ($50.00).
4. (d) All contributions and penalty and handling charge payments made to the administrator shall be deposited into the Arkansas High Cost Fund account.

Codification Notes: This section was promulgated as Rule 4.03 of the Arkansas High Cost Fund Rules prior to codification in the Code of Arkansas Rules.