Pecuniary penalty for nonpayment of operation charge

43 U.S.C. § 494
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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.

Starting a business? Corpus forms LLCs in all 50 states and DC.