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Borough of Homestead, PA
Allegheny County
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Table of Contents
Table of Contents
[Adopted 1-31-2001 by Ord. No. 1116]
A. 
Interest at the rate of 10% per annum shall be collectible:
(1) 
Except as provided in Subsection B, on all municipal claims by the Borough of Homestead from the date of the completion of the work after the municipal claim is filed as a lien; and
(2) 
On all claims for taxes, water rents or rates, lighting rates or sewer rates by the Borough of Homestead from the date of the filing of the lien therefor.
B. 
Interest at the rate of interest of the bond issue or 12% per annum, whichever is less, shall be collectible on municipal claims by the Borough of Homestead arising out of municipal projects which require the Borough of Homestead to issue bonds to finance the project.