Common use of Interest and Penalties Clause in Contracts

Interest and Penalties. (1) A person who fails to pay or deliver property when due is required to pay to the department interest at the rate as computed under RCW 82.32.050(2) from the date the property should have been paid or delivered until the property is paid or delivered. How- ever, the department must waive or cancel interest imposed under this subsection if:

Appears in 4 contracts

Samples: leg.wa.gov, leg.wa.gov, leg.wa.gov

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Interest and Penalties. (Effective July 1, 2017.) (1) A person who fails to pay or deliver property when due is required to pay to the department interest at the rate as computed under RCW 82.32.050(2) from the date the property should have been paid or delivered until the property prop- erty is paid or delivered. How- everHowever, the department must waive or cancel interest imposed under this subsection if:

Appears in 1 contract

Samples: leg.wa.gov

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