3-5-3: DUE DATE; DISPOSITION OF FUNDS; INTEREST ON DELINQUENT PAYMENTS:
The tax levied under this chapter shall remain in effect until repealed and shall be payable monthly. The tax shall be placed in the general revenue fund of the city. Amounts not paid when due shall bear interest at the rate of ten percent (10%) per annum until paid. (1992 Code § 7-703)