[§523A-24]  Interest and penalties. 
(a)  A holder who fails to report, pay, or deliver property within the time
prescribed by this part shall pay to the administrator interest at the annual
rate of two percentage points above the annual rate of discount in effect on
the date the property should have been paid or delivered for the most recent
issue of fifty-two-week United States Treasury bills on the property or value
thereof from the date the property should have been reported, paid, or
delivered.



(b)  Except as otherwise provided in subsection
(c), a holder who fails to report, pay, or deliver property within the time
prescribed by this part, or fails to perform other duties imposed by this part,
shall pay to the administrator, in addition to interest as provided in
subsection (a), a civil penalty of $200 for each day the report, payment, or
delivery is withheld, or the duty is not performed, up to a maximum of $5,000.



(c)  A holder who wilfully fails to report,
pay, or deliver property within the time prescribed by this part, or wilfully
fails to perform other duties imposed by this part, shall pay to the
administrator, in addition to interest as provided in subsection (a), a civil
penalty of $1,000 for each day the report, payment, or delivery is withheld, or
the duty is not performed, up to a maximum of $25,000, plus twenty-five per
cent of the value of any property that should have been but was not reported.



(d)  A holder who makes a fraudulent report
shall pay to the administrator, in addition to interest as provided in
subsection (a), a civil penalty of $1,000 for each day from the date a report
under this part was due, up to a maximum of $25,000, plus twenty-five per cent
of the value of any property that should have been but was not reported.



(e)  The administrator for good cause may
waive, in whole or in part, interest under subsection (a) and penalties under
subsections (b) and (c), and shall waive penalties if the holder acted in good
faith and without negligence. [L 2008, c 55, pt of §1]