8-79-101. Interest on past-due premiums and surcharges.

Statute text

Premiums or surcharges unpaid on the date on which they are due and payable, as prescribed by the division, shall bear interest at the rate of eighteen percent per annum or one and one-half percent per month or any portion thereof on and after such date until payment plus accrued interest is received by the division. Interest collected pursuant to this section shall be paid into the unemployment revenue fund.

History

Source: L. 36, 3rd Ex. Sess.: p. 44, 14. CSA: C. 167A, 14. L. 41: p. 794, 14. L. 45: p. 715, 7. L. 51: p. 820, 13. CRS 53: 82-9-1. C.R.S. 1963: 82-9-1. L. 76: Entire section amended, p. 352, 20, effective October 1. L. 81: Entire section amended, p. 503, 20, effective July 1. L. 83: Entire section amended, p. 2045, 9, effective October 1. L. 86: Entire section amended, p. 495, 104, effective July 1. L. 2009: Entire section amended, (HB 09-1363), ch. 363, p. 1905, 27, effective July 1.

Annotations

Editor's note: Section 10 of chapter 510, Session Laws of Colorado 1983, provides that the section of the act amending this section is effective October 1, 1983, but the governor did not approve the act until October 14, 1983.

Annotations

 

ANNOTATION

Annotations

Law reviews. For article, "Collecting Pre- and Post- Judgment Interest in Colorado: A Primer", see 15 Colo. Law. 753 (1986). For article, "An Update of Appendices from Collecting Pre- and Post-Judgment Interest in Colorado", see 15 Colo. Law. 990 (1986).