<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="§ 37-5 Rules and regulations; allocation of interest charges.">
  <section prefix="§" num="37-5" heading="Rules and regulations; allocation of interest charges.">
    <para num="(a)" heading="Rules and regulations.">Subject to Title 4 {“Administrative Procedure Act – Regulations”} of the &lt;cite data-path="|general"&gt;City General Provisions Article&lt;/cite&gt;, the Director of Finance may adopt rules and regulations approved by the Board of Estimates to carry out this subtitle.</para>
    <para num="(b)" heading="Allocation of interest.">The Director may charge the contracting City agency the interest provided for in this subtitle when the City agency is the cause of any delay requiring the payment of interest; otherwise the Department of Finance shall pay the interest provided for in this subtitle.</para>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §27A(e)</annotation>
    <annotation type="History">Ord. 89-280</annotation>
    <annotation type="History">Text Conformed 02/14/21</annotation>
    <annotation type="Editor's Notes">By authority of Ordinance 20-431, Section 5, the Director of Legislative Reference, in consultation with the Law Department, has conformed the text of subsection (a) to refer expressly to the requirements of the recently-enacted Administrative Procedure Act that, effective January 15, 2021, governs the proposal, adoption, and publication of administrative rules and regulations.</annotation>
  </section>
</baltimore-city-law>
