Section 576.355 - Penalty for delaying transmittal of funds(1) In addition to the penalties prescribed in ORS 576.991, any person who delays transmittal of funds beyond the time set by a commodity commission shall pay a penalty of 10 percent of the amount due and shall also pay one and one-half percent interest per month on the unpaid balance of the assessment.(2) A commission may waive the penalty and interest described in subsection (1) of this section upon a showing of good cause.(3) Notwithstanding subsection (1) of this section, if an assessment is collected pursuant to a federal marketing order or agreement, a commission may establish a penalty or interest rate that is consistent with that order or agreement. 1953 c.489 §28; 2003 c. 604, § 42