§245-30 Penalty for failure to make timely payment. A licensee who fails to pay any amount owing for the purchase of stamps within the time required shall pay a penalty of:
(1) Ten per cent of the amount due in addition to the amount due; and
(2) Interest at the rate specified in section 231-39 from the date on which the amount became due and payable until the date of payment. [L 2000, c 249, pt of §1, §20(2); am L 2002, c 94, §3]