City of Milwaukee - File #: 160843

• File #: 160843
• Version: 2
• Type: Ordinance
• Status: Passed
• File created: 10/11/2016
• In control: COMMON COUNCIL
• Final action: 11/1/2016
• Effective date: 11/18/2016
• Title: A substitute ordinance relating to overdue invoices processed through the city’s financial management information system.
• Sponsors: ALD. WITKOWSKI
• Indexes: MUNICIPAL FINANCE

Date	Ver.	Action By	Action	Result	Tally
11/17/2016	2	CITY CLERK	PUBLISHED
11/10/2016	2	MAYOR	SIGNED
11/1/2016	2	CITY CLERK	DRAFT SUBMITTED
11/1/2016	1	COMMON COUNCIL	SUBSTITUTED	Pass	15:0
11/1/2016	2	COMMON COUNCIL	PASSED	Pass	14:1
10/24/2016	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR PASSAGE	Pass	4:0
10/21/2016	1	CITY CLERK	DRAFT SUBMITTED
10/11/2016	0	COMMON COUNCIL	ASSIGNED TO

Number

160843

Version

Substitute 2

Reference

Sponsor

Ald. witkowski

Title

A substitute ordinance relating to overdue invoices processed through the city’s financial management information system.

Sections

304-38.5                     cr

Analysis

This ordinance sets an interest rate of 1.0% per month to be charged on overdue city invoices billed through the city’s financial management information system. 

Body

The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. Section 304-38.5 of the code is created to read:

304-38.5. Interest Charge on Overdue City Invoices. The interest rate charged on overdue city invoices billed through the city’s financial management information system shall be 1.0% per month, or fraction of a month.

LRB

APPROVED AS TO FORM

____________________________

Legislative Reference Bureau

Date:  ______________________

Attorney

IT IS OUR OPINION THAT THE ORDINANCE

IS LEGAL AND ENFORCEABLE

____________________________

Office of the City Attorney

Date:  ______________________

Requestor

Drafter

LRB #166683-3

Aaron Cadle

October 26, 2016