Rules & Regulations of the State of Tennessee
Title 0720 - Health Facilities Commission
Chapter 0720-40 - Hospital Service License Fee
Section 0720-40-.05 - PENALTY AND INTEREST

(1) If any part of any fee imposed under this rule is not paid on or before the due date, a penalty of five percent (5%) of the amount due shall at once accrue and be added thereto. Thereafter, on the first day of each month during which any part of any fee or any prior accrued penalty remains unpaid, an additional five percent (5%) of the then unpaid balance shall accrue and be added thereto. In addition, license fees not paid on the due date shall accrue interest at the maximum lawful rate for the entire month in which any delinquent payment, penalty or interest is still due or not paid. Any penalty or interest that accrues pursuant to this rule shall be credited to the indigent health care risk fund.