§ 39-1-24. Certification, collection, and deposit of assessments.
On or before the first day of August in each year, the administrator shall certify to the state controller the amount of the assessment made pursuant to § 39-1-23 and the name and address of each company against whom the assessment is made. Each company shall pay the administrator the amount assessed against it within thirty (30) days from the receipt of the assessment with interest at the rate of six percent (6%) per annum if unpaid at the due date. The administrator shall deposit all payments with the general treasurer. The amount so deposited shall be credited to the general fund of the state and accounted for as expenses recovered from public utility companies and common carriers.
History of Section.
G.L. 1938, ch. 122, § 63; P.L. 1955, ch. 3436, § 1; G.L. 1956, § 39-1-15; G.L. 1956, § 39-1-24; P.L. 1969, ch. 240, § 1.