Section 50-7-16 - Interest on amounts to be reimbursed

50-7-16. Interest on amounts to be reimbursed.The commission shall charge a governmental agency simple interest at the Category A rate of interest established in §54-3-16 on the amount of money subject to reimbursement under §50-7-15 from the date of the expenditure to the date of payment. Source: SL 1966, ch 4; SL 1992, ch 60, §2; SL 1997, ch 16, §16; SL 1997, ch 269, §1; SL 2014, ch 222, §55.