Administrative Rules of Montana
Department 38 - PUBLIC SERVICE REGULATION
Chapter 38.5 - UTILITY DIVISION
Subchapter 38.5.11 - Customer Deposit for Guarantee Payment
Rule 38.5.1107 - INTEREST ON DEPOSITS
Universal Citation: MT Admin Rules 38.5.1107
Current through Register Vol. 6, March 22, 2024
(1) Interest on deposits held shall be accrued at the rate of 6% per year. Interest shall be computed from the time of the deposit to the time of refund or termination, to the nearest whole month, without compounding. This rule is effective October 1, 2002, applies to deposits received on and after October 1, 2002, and applies to the remaining period of deposits existing before October 1, 2002.
69-3-103, 69-3-306, MCA;
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