Encyclopedia

Penalty (fine, interest)


Penalty (fine, interest) — penalty (fine, interest) is charged for each day of delay in performing the obligation provided for by a state or municipal contract, starting from the day following the day when the term for performance of the obligation under the state or municipal contract expires (ceased to be in force as of 2013-04-05)1.

  1. Federal Law No. 53-FZ dated April 20, 2007, "On Amending the Federal Law 'On Placement of Orders for Supplying Goods, Carrying Out Works, and Providing Services for State and Municipal Needs' and Certain Legislative Acts of the Russian Federation" dated April 20, 2007, as amended on July 24, 2007, Article 1, subpara. 8, ceased to be in force as of 2013-04-05 // RSZ RF. 2007. No. 17. Art. 1929. ↩