Interests on Debts under Section 86.4 of the Act
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O. Reg. 490/97: INTERESTS ON DEBTS UNDER SECTION 86.4 OF THE ACT, Under: Health Protection and Promotion Act, R.S.O. 1990, c. H.7
Health Protection and Promotion Act
Loi sur la protection et la promotion de la santé
ONTARIO REGULATION 490/97
INTERESTS ON DEBTS UNDER SECTION 86.4 OF THE ACT
Consolidation Period: From January 1, 1998 to the e-Laws currency date.
No amendments.
This Regulation is made in English only.
1. (1) The interest that the Minister may require obligated municipalities to pay under subsection 86.4 (4) of the Act shall be calculated at the rate of 1.5 per cent per month on the unpaid amount for every month or part of a month that the amount remains unpaid. O. Reg. 490/97, s. 1 (1).
(2) An obligated municipality shall pay interest required under subsection 86.4 (4) of the Act within 30 days after receiving a written demand from the Minister for payment of the interest. O. Reg. 490/97, s. 1 (2).
2. Omitted (provides for coming into force of provisions of this Regulation). O. Reg. 490/97, s. 2.