- (1) Penalty for delaying transmittal of assessment moneys is provided in ORS 576.355, which states, "In addition to the penalties prescribed in ORS 576.991, any person who delays transmittal of funds beyond the time set by a Commission shall pay a penalty of 10 percent of the amount due and shall also pay one and one-half percent interest per month on the unpaid balance of assessment."
- (2) The commission may waive the penalty and interest described in subsection (1) of this section upon a showing of good cause.
Statutory/Other Authority
2003 OL Ch. 604 & ORS 576
Statutes/Other Implemented
2003 OL Ch. 604 & ORS 576
History
ODCC 1-2004, f. 1-15-04 cert. ef. 1-16-04
DCC 2, f. 12-28-77, ef. 1-1-78