(no amdt)
ALBERTA REGULATION 235/88
Financial Administration
Act
CHARGING OF INTEREST ON
AMOUNTS OWING
TO THE CROWN REGULATION
1 In this Regulation, “due date”
means the date specified for the payment of a sum of money to the Crown.
AR 235/88 s1
2 Unless otherwise provided for, if a sum of money
owing to the Crown is in arrears, interest may be charged on the sum of money
from the due date until the amount owing is paid.
AR 235/88 s2
3 Where interest is charged, it shall be charged
on the outstanding balance each month and the monthly rate of interest used to
calculate the interest owing shall not exceed one percent (1%).
AR 235/88 s3
4 Treasury Board Regulation 03/87 is hereby
repealed by this Regulation.
AR 235/88 s4