No. S 24
| Town Councils Act |
(Chapter 329A)
| Town Council of Hougang (Interest on Late Payment of Conservancy and Service Charges) By-laws 2000 |
|
| Citation and commencement |
| 1. These By-laws may be cited as the Town Council of Hougang (Interest on Late Payment of Conservancy and Service Charges) By-laws 2000 and shall come into operation on 1st April 2000. |
| Interest payable on conservancy and service charges in arrears |
| 2. Any conservancy and service charges payable by any tenant or owner to the Town Council shall, if not paid within the month when such charges become due and payable, bear interest at the rate of 8% per annum to be compounded monthly and such interest shall accrue from the expiry of the seventh month after the date when the charges become due and payable up to the date of their actual payment. |
| Application of payment |
| 3. The Town Council may, in its discretion, apply any moneys paid by any tenant or owner to the Town Council firstly towards the payment of the amount of any interest payable by him under these By-laws and subsequently apply the balance thereof towards payment of any amount of outstanding conservancy and service charges. |
| Remission |
| 4. The Town Council may, in its discretion, remit wholly or in part any interest payable under these By-laws. |
Made this 13th day of January 2000.
Chairman, The Town Council for the Town of Hougang, Singapore. |
| [HTC/ADM/4/92/573; AG/LEG/SL/329A/97/16 Vol. 1] |