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Code · Oklahoma · Title 56 — Poor Persons

§56-1011.14. Penalties and interest for failing to timely pay.

99 words·~1 min read·/ok/title-56-poor-persons/56-1011-14·

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The Oklahoma Health Care Authority shall promulgate administrative rules that govern the assessment of penalties and interest against any nonstate governmental organization that fails to timely pay the full amount of a quarterly intergovernmental transfer; provided, however, that the penalty assessed shall not exceed five percent (5%) of the quarterly amount not paid on or before the due date. Penalties and interest collected pursuant to this section shall be deposited in the Nursing Facility Supplemental Payment Program Revolving Fund, as described in Section 1 of this act. Added by Laws 2017, c. 324, § 2, eff. July 1, 2017.
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