LATE PENALTY AND INTEREST
Salt Lake City Code § 3.16.040
in effect3.16.040: LATE PENALTY AND INTEREST:
A. If payment for any debt owed to the city that goes into the city's general fund is not received within thirty (30) days of the date such payment is due, then a past due accounts receivable fee in the amount set forth on the Salt Lake City consolidated fee schedule will be assessed to the party responsible for paying the debt.
B. In addition, for each subsequent calendar month in which a payment is late, compound interest equal to five percent (5%) per month shall accrue on the total amount owed to the city.
C. The past due accounts receivable fee and the interest provisions set forth in subsections A and B of this section shall not apply in any instance where such fees and interest provisions:
1. Conflict with federal, state or local law; or
2. Conflict with a binding contract between the city and the entity or individual required to make payments to the city. (Ord. 37-23, 2023: Ord. 40-13, 2013)
Source: Salt Lake City, Utah, City Code (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/saltlakecityut/latest/saltlakecity_ut/0-0-0-44655Fetched: 11/1/2026