17-8-226. Repealed
17-8-226. Repealed. Sec. 2, Ch. 88, L. 1985. History: En. Sec. 242, Rev. C. 1907; re-en. Sec. 248, R.C.M. 1921; re-en. Sec. 248, R.C.M. 1935; R.C.M. 1947, 82-1119.
17-8-227. through 17-8-230 reserved
17-8-227 through 17-8-230 reserved.
17-8-231. Repealed
17-8-231. Repealed. Sec. 13, Ch. 465, L. 2005. History: En. Sec. 2, Ch. 151, L. 1981.
17-8-232. through 17-8-240 reserved
17-8-232 through 17-8-240 reserved.
17-8-241. Definitions relating to interest assessment
17-8-241. Definitions relating to interest assessment. As used in 17-8-242 through 17-8-244, the following definitions apply: (1) ”Services” means the furnishing of labor, time, or effort, including construction services, purchased or contracted for by the state or any agency thereof. (2) ”Supplies” means all personal property purchased, leased, or contracted for by the state or any agency thereof, […]
17-8-242. Interest assessed on amounts due
17-8-242. Interest assessed on amounts due. (1) Except as provided in 17-8-244, a state agency shall pay simple interest at the rate of 0.05% each day on amounts due for supplies and services received if the agency fails to make timely payment. (2) For purposes of this section, payment is timely if a warrant is mailed or […]
17-8-243. Source for payment of interest
17-8-243. Source for payment of interest. Any interest owing under 17-8-242 must be paid from funds designated for administrative costs of the agency receiving the supplies and services unless the delay was caused by a different agency, and then the interest must be paid from the administrative costs of that agency. History: En. Sec. 4, Ch. 484, […]
17-8-244. Exemptions
17-8-244. Exemptions. Section 17-8-242 does not apply to the following: (1) interagency or intergovernmental transactions; (2) claims subject to a good faith dispute brought before a government agency or before a court. Interest in a proceeding subject to this subsection is governed by 18-1-404. (3) delinquencies because of natural disasters, disruptions in postal or delivery service, work stoppage because […]
17-8-224. Repealed
17-8-224. Repealed. Sec. 2, Ch. 88, L. 1985. History: (1)En. Sec. 238, Rev. C. 1907; re-en. Sec. 244, R.C.M. 1921; re-en. Sec. 244, R.C.M. 1935; Sec. 82-1115, R.C.M. 1947; (2)En. Sec. 239, Rev. C. 1907; re-en. Sec. 245, R.C.M. 1921; re-en. Sec. 245, R.C.M. 1935; Sec. 82-1116, R.C.M. 1947; R.C.M. 1947, 82-1115, 82-1116.
17-8-225. Repealed
17-8-225. Repealed. Sec. 2, Ch. 88, L. 1985. History: (1)En. Sec. 241, Rev. C. 1907; re-en. Sec. 247, R.C.M. 1921; re-en. Sec. 247, R.C.M. 1935; R.C.M. Sec. 82-1118, R.C.M. 1947; (2)En. Sec. 240, Rev. C. 1907; re-en. Sec. 246, R.C.M. 1921; re-en. Sec. 246, R.C.M. 1935; amd. Sec. 10, Ch. 61, L. 1977; Sec. 82-1117, R.C.M. 1947; […]