New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter X - Power Authority Of The State Of New York
Part 457 - Late Payment Charges-municipal And Rural Electric Cooperative Systems
Section 457.4 - Maximum rates
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 457.4
Current through Register Vol. 46, No. 39, September 25, 2024
If a late payment charge is imposed, it shall not exceed 11/2percent per month on the unpaid balance of any prior bill for service including interest thereon, less all amounts received or credited against such unpaid balance during the new billing period.
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