North Carolina § 135-48 - 55. Interest charged to charter schools and local government units on late premiums.

§ 135-48. 55. Interest charged to charter schools and local government units on late premiums.

The total amount of premiums due the Plan from charter schools and local government units as employing units, including amounts withheld from the compensation of Plan members, that is not remitted to the Plan by the fifteenth day of the month following the due date of remittance shall be assessed interest of one and one-half percent (1 1 / 2 %) of the amount due the Plan, per month or fraction thereof, beginning with the sixteenth day of the month following the due date of the remittance. The interest authorized by this section shall be assessed until the premium payment plus the accrued interest amount is remitted to the Plan. The remittance of premium payments under this section shall be presumed to have been made if the remittance is postmarked in the United States mail on a date not later than the fifteenth day of the month following the due date of the remittance. History (1981 (Reg. Sess., 1982), c. 1398, s. 6; 1985, c. 732, s. 52; 1991, c. 427, s. 5; 1997-468, s. 4; 1998-1, s. 4(e); 1999-237, s. 28.29(h); 2003-69, s. 2; 2004-124, s. 31.21(c); 2005-276, s. 29.31(e); 2007-323, s. 28.22A(m), (m1), (o); 2007-345, ss. 11, 12; 2008-107, s. 10.13(a); 2008-168, ss. 1(a), 2(a), (m); 2009-281, s. 1; 2009-571, s. 3(c); 2011-85, s. 2.5(f); 2014-75, s. 4.) Editor's Note. - Session Laws 2011-85, s. 2.5(f), effective January 1, 2012, recodified former G.S. 135-44.6(e) as G.S. 135-48.55 . G.S. 135-44.6(d) was recodified as G.S. 135-48.58 , and the remainder of G.S. 135-44.6 was repealed by Session Laws 2011-85, s. 2.9, effective January 1, 2012. Former G.S. 135-44.6 itself was formerly codified as G.S. 135-39.6A. It was recodified as G.S. 135-38.9 under Part 2A of Article 3A of Chapter 135 by Session Laws 2008-168, s. 2(m), effective July 1, 2008, but was renumbered as G.S. 135-44.6 at the direction of the Revisor of Statutes. Effect of Amendments. - Session Laws 2014-75, s. 4, effective July 22, 2014, inserted "and local government units" following "charter schools" in the section heading and in the first sentence of the section.