[Ord. 355, 10/10/2012, §§ I — III]
1.
Pursuant to the Municipal Claims and Tax Lien Act, 53 P.S. § 7143,
interest on any municipal lien filed by Plainfield Township shall
accrue at a rate of 10% per annum and shall be collectible on all
municipal claims from the date of the completion of the work after
it is filed as a lien, and on claims for taxes, water rents or rates,
lighting rates or sewer rates from the date of the filing of the lien
thereof.
2.
After April 24, 2006, where municipal claims are filed arising out
of a municipal project which requires the municipality to issue bonds
to finance the project, interest rates shall be collectible on such
claims at the rate of interest of the bond issue or at the rate of
12% per annum, which ever is less.
3.
Where the provisions of any other Act relating to claims for taxes,
water rents or rates, lighting rates, power rates, sewer rents or
rates or for any other type of municipal claim or lien which utilizes
the procedures provided for in the Municipal Claims and Tax Liens
Act and where the provisions of such other Act establishes a different
rate of interest for such claims or liens, the maximum rate of interest
of 10% per annum as provided for in this Section shall be applicable
to all claims and liens provided under such other Acts.
