Penalty for Late Payment

  1. Law
  2. Tennessee Code
  3. Consolidated Governments and Local Governmental Functions and Entities
  4. Central Business Improvement District Act of 1971
  5. Central Business Improvement District Act of 1990
  6. Penalty for Late Payment

Checkout our iOS App for a better way to browser and research.

In case of failure to pay any assessment or installment provided for under this part on or before the date prescribed by the governing body for such payment, there shall be added to the assessment both interest of one percent (1%) per month and a penalty of one percent (1%) per month of the amount of such assessment or installment.


Download our app to see the most-to-date content.