KANNALAND MUNICIPALITY REVENUE BYLAWS REVENUE BYLAWS – 1 JULY 2014 Page 41 b) If the municipality uses more than one banking institution it shall for purposes of determining the interest on arrear accounts apply the overdraft rate offered by the institution with which its primary bank account is placed. c) Interest shall be calculated on a daily basis. For purposes
of determining arrear amounts, all amounts unpaid including interest previously raised and penalty charges,
but excluding value added tax, shall betaken into account. d) In considering each annual budget the council shall review the adequacy of its interest charges, and shall determine the following for the financial year concerned i) charges for disconnection or restriction of services (Section 19) ii) charges for reconnection or reinstatement of services (Section 20) iii) charges for notices of default (Section 19) iv) penalty charges for illegal reconnections (Section 22) v) penalty charges for dishonoured and unacceptable cheques Section 31). SECTION 34: INDIGENCY MANAGEMENT In regard to the payments expected
from registered indigents, and the credit control and debt collection actions contemplated in respect of such residents, this part of the bylaws must be read in conjunction with the policies on indigency management.