15-60-204. Penalty and interest for delinquent fees -- waiver. (1) If the fee for any facility is not paid on or before the due date of the report as provided in 15-60-201(1), a penalty of 10% of the amount of the fee due must be assessed unless it is shown that the failure was due to reasonable cause and not neglect.
     (2) If any fee due under 15-60-102 is not paid when due, interest is added to the tax due at the rate of 12% a year from the due date until paid.

     History: En. Sec. 6, Ch. 746, L. 1991.