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Section 169. Interests on Other Unpaid Revenues - Local Government Code of 1991

Section 169. Interests on Other Unpaid Revenues of Local Government Code of 1991. Section 169. Interests on Other Unpaid Revenues. - Where the amount of any other revenue due a local government unit, except voluntary contributi

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Local Government Code of 1991

Section 169. Interests on Other Unpaid Revenues. - Where the amount of any other revenue due a local government unit, except voluntary contributions or donations, is not paid on the date fixed in the ordinance, or in the contract, expressed or implied, or upon the occurrence of the event which has given rise to its collection, there shall be collected as part of that amount an interest thereon at the rate not exceeding two percent (2%) per month from the date it is due until it is paid, but in no case shall the total interest on the unpaid amount or a portion thereof exceed thirty-six (36) months.

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