California § 6224. 6224. (Repealed and added by Stats. 1982, Ch. 1463, Sec. 2.)

California Statutes

§ 6224. — 6224. (Repealed and added by Stats. 1982, Ch. 1463, Sec. 2.)

California·Code PRC Public Resources Code - PRC·Div. 6. DIVISION 6. PUBLIC LANDS·Part 1. PART 1. ADMINISTRATION AND CONTROL OF STATE LANDS·Ch. 3. CHAPTER 3. Powers and Duties Generally

The commission may adopt rules and regulations which provide for the payment of either a penalty or interest, or both, by any person who fails to pay the commission any sum when it is due under a lease or agreement. The rules and regulations may provide for the assessment, nonassessment, or waiver by the commission of the penalty or interest, or both. Penalties assessed by the commission shall not exceed 5 percent of the principal sum due and the rate of interest shall not exceed 1
percent per month from the date on which the sum became due and payable until
				the date of payment. Penalties and interest assessed pursuant to this section shall be payable to the commission.
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The commission may adopt rules and regulations which provide for the payment of either a penalty or interest, or both, by any person who fails to pay the commission any sum when it is due under a lease or agreement. The rules and regulations may provide for the assessment, nonassessment, or waiver by the commission of the penalty or interest, or both. Penalties assessed by the commission shall not exceed 5 percent of the principal sum due and the rate of interest shall not exceed 1
percent per month from the date on which the sum became due and payable until
the date of payment. Penalties and interest assessed pursuant to this section shall be payable to the commission.
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California § 6224. (6224. (Repealed and added by Stats. 1982, Ch. 1463, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.