§ 147-86.23. Interest and penalties.
§ 147‑86.23. Interestand penalties.
A State agency shall chargeinterest at the rate established pursuant to G.S. 105‑241.21 on a past‑dueaccount receivable from the date the account receivable was due until it ispaid. A State agency shall add to a past‑due account receivable a latepayment penalty of no more than ten percent (10%) of the account receivable. AState agency may waive a late‑payment penalty for good cause shown. Ifanother statute requires the payment of interest or a penalty on a past‑dueaccount receivable, this section does not apply to that past‑due accountreceivable. This section does not apply to money owed to the University ofNorth Carolina Health Care System for health care services. (1993, c. 512, s. 1; 2007‑306,s. 4; 2007‑491, s. 44(1)a.)