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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) In addition to the penalties prescribed in ORS 576.991, any person who delays transmittal of funds beyond the time set by a commodity commission shall pay a penalty of 10 percent of the amount due and shall also pay one and one-half percent interest per month on the unpaid balance of the assessment.
(2) A commission may waive the penalty and interest described in subsection (1) of this section upon a showing of good cause.
(3) Notwithstanding subsection (1) of this section, if an assessment is collected pursuant to a federal marketing order or agreement, a commission may establish a penalty or interest rate that is consistent with that order or agreement.
Cite this article: FindLaw.com - Oregon Revised Statutes Agricultural Marketing and Warehousing § 576.355 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-47-agricultural-marketing-and-warehousing/or-rev-st-sect-576-355/
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