§ 3-4-260 — Interest on nontax debt

3-4-260 Interest on nontax debt.

A. Unless otherwise provided by ordinance, for any nontax debt an interest charge of one and one- quarter percent per month, or fraction thereof, shall apply from the time the period granted for payment expired until the sum due is received; provided, however, that for all periods after December 31, 1999, an interest charge of one percent per month, or fraction thereof, shall apply. B. The interest provided for in this section shall be in addition to any fine or penalty provided by ordinance. C. Unless otherwise provided by ordinance, the period for payment of any inspectional fee shall expire six months after the date of the inspection and the period for payment of any emergency medical service charge shall expire three months after the city sends its first request for payment. (Added Coun. J. 11-14-91, p. 7458; Amend Coun. J. 5-12-99, p. 106; Amend Coun. J. 3-31-04, p. 20916, § 3.7)