(a) A penalty of ten percent (10%) of the charge established by Section 920.03(a) and (b) of this article shall be added for any default for a period of thirty days or less in payment of such charge, and for each succeeding thirty days elapsing thereafter until payment is received there shall be an additional penalty of one and one-half percent (1.5%); provided that a discount of five percent (5%) shall be allowed on bi-monthly installments if paid within twenty days of the billing date.
(b) Each installment of the charge established Section 920.03(c) of this Article shall be due within 30 days from the last day of the reporting period. Charges not received within 30 days of said due date shall be considered delinquent. There shall be added to each delinquent account a penalty of five percent (5%) of the balance thereof on the 31st day after the reporting periods ends. Thereafter, a penalty of one and one-half percent (1.5%) shall be added to the total outstanding balance at the end of each quarter. These penalties are assessed against the employer.
(c) The Director shall collect any principal, interest, and penalty due and unpaid by any and all lawful means.
(Ord. 1812. Passed 5-14-19.)
(Ord. 1812. Passed 5-14-19.)