50-7-16. Interest on amounts to be reimbursed.
42 words·~1 min read·
/sd/title-50/chapter-50-7/50-7-16A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commission shall charge a governmental agency simple interest at the Category A rate of interest established in § 54-3-16 on the amount of money subject to reimbursement under § 50-7-15 from the date of the expenditure to the date of payment.