2014 New Jersey Revised Statutes
Title 32 - INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
Section 32:23-195 - Wilful failure to pay assessment or fee; interest and penalties
32:23-195. Wilful failure to pay assessment or fee; interest and penalties
When any person shall wilfully fail to pay any assessment or fee due hereunder he shall be assessed interest at a rate of 1% per month on the amount due and unpaid and penalties of 5% of the amount due for each 30 days or part thereof that the assessment remains unpaid. The commission may, for good cause shown, abate all or part of such penalty.
L.1970, c. 58, s. 4.
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