43 U.S.C. § 478 — Pecuniary penalty for nonpayment of installments of construction charges

submitted 112 years ago by ch. 247 to r/title-43-PUBLIC-LANDS · 109 words · no verdicts yet

in plain englishAI-generated · not legal advice

If a water-right applicant or entryman failed to pay a construction-charge installment on time before December 5, 1924, a 1 percent penalty is added to the unpaid amount. Another 1 percent penalty is added for the amount still unpaid on the first of each following month. For installments due after December 5, 1924, this monthly penalty is cut in half, to one-half of 1 percent.

If a water-right applicant or entryman failed to pay any installment of their construction charges on time, before December 5, 1924, a penalty of 1 percent of the unpaid amount is added. A further penalty of 1 percent of the amount still unpaid is added on the first day of every following month, for as long as the default continues. However, for installments that become due after December 5, 1924, this monthly penalty on delinquent accounts is reduced from 1 percent to one-half of 1 percent per month.

the actual law source: uscode.house.gov ↗public domain

If any water-right applicant or entryman shall have, prior to December 5, 1924, failed to pay any installment of his construction charges when due, there shall be added to the amount unpaid a penalty of 1 per centum thereof, and there shall be added a like penalty of 1 per centum of the amount unpaid on the first day of each month thereafter so long as such default shall have continued: Provided, That the penalty of 1 per centum per month against delinquent accounts, is reduced to one-half of 1 per centum per month, as to all installments which may become due after December 5, 1924.

Source credit: (Aug. 13, 1914, ch. 247, § 3, 38 Stat. 687; Dec. 5, 1924, ch. 4, § 4, subsec. H, 43 Stat. 703.)

history & why it existsrecord from the source credit

1914Enacted · Act of Aug. 13, 1914, ch. 247 · 38 Stat. 687
1924Amended · Act of Dec. 5, 1924, ch. 4 · 43 Stat. 703

A history note hasn’t been published yet. The record shows enactment by ch. 247 on 1914-08-13.

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