Laserfiche WebLink
4- <br />~'. lict~us i me: _t s, r~i u~las an.i i:~t,erESt cri dei inquent payments . <br />(a ) Ii' more or less trati t~iE corrF ct amount d`ie ~.u`ider .'art Iv <br />oi' phis i'lan and Agreement is paid r,iti~ respect to any remuneration, <br />proper adjustrent, if adjustment is practicable, or refund shall be <br />made without interest in such manner and at such times as the <br />Department shall prescribe. <br />(b) If the Political Subdivision does not make, at the <br />time or times due, the payments required under this Plan and Agreement, <br />there shall be added, as part of the amounts due, except as provided <br />in paragraph (a) hereof, interest at the rate of six percent per year, <br />computed at the rate of 1/2 percent Ner month for each month or <br />fraction of a month that such Political Subdivision is delinquent <br />in its payments to the Department. <br />(c) Without prejudice to other available methods of <br />collection, the Department in its discretion may deduct such delinquent <br />amounts plus interest from any other moneys payable to the Political <br />Subdivis ion by any depar•tmerit, agency or fund of the State, including <br />but not limited to funds in possession of tiie County Treasurer 'allocated <br />to the iolitical Subdivision and derived from general taxation, upon <br />proper certification by the Department that said delinquent accounts <br />are due and payable. <br />VI. Termination. <br />(a) The Political Subdivision may request the Depart~uent <br />to take all necessary steps with the Federal Security Administr~~tor, <br />pursuant to Section 218 (g) of the Social Security tact, to terminate <br />this Plan and Agreement and the State-Federal tidninistrator Agreement <br />