(a) In any case where existing ordinances do not provide for interest to be charged against a debt owed to the city, interest at the rate of 1 percent for each month or fraction thereof shall be assessed against the outstanding debt, beginning 30 days after the date of the bill.
(b) For the purposes of this section, “debt” includes any loan, fee, charge, or other liquidated sum that is past due to the city, regardless of whether there is an outstanding judgment for that sum, and whether the sum has accrued through contract, subrogation, tort, operation of law, or judicial or administrative judgment or order.
(1990 Code, Ch. 1, Art. 3, § 1-3.3) (Added by Ord. 94-50)