Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 50 - Wildlife and Fisheries |
Chapter VI - Fishery Conservation and Management, National Oceanic and Atmospheric Administration, Department of Commerce |
Part 600 - Magnuson-Stevens Act Provisions |
Subpart L - Fishing Capacity Reduction Framework |
§ 600.1015 - Late charges.
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§ 600.1015 Late charges.
The late charge to fish buyers for fee payment, collection, deposit, and/or disbursement shall be one and one-half (1.5) percent per month, or the maximum rate permitted by state law, for the total amount of the fee not paid, collected, deposited, and/or disbursed when due to be paid, collected, deposited, and/or disbursed. The full late charge shall apply to the fee for each month or portion of a month that the fee remains unpaid, uncollected, undeposited, and/or undisbursed.