Chapter 3.06


3.06.010    Interest on delinquent accounts.

3.06.010 Interest on delinquent accounts.

A. Interest at the rate of 10.5 percent, or the maximum rate allowable by Alaska Statutes, shall accrue on all delinquent accounts due and payable to the City if interest is not established by contract or another ordinance.

B. An account shall be delinquent 25 days after the rendering of a statement thereon, unless some other number of days is provided by contract or another ordinance. [Ord. 196-91 § 1, 1991].