[Adopted by the Board of Selectmen 4-13-1981 (Ch. 304, Art. IV, of the 1995 Code); amended 5-7-2001]
The interest rate on past-due water bills shall be an annual rate of 12%. Interest is to be charged monthly starting 25 days after the billing date with a five-day grace period the first month. The interest will be calculated starting from the bill date.