SECTION 240:10-5-40. Definitions

Latest version.

The following words and terms, when used in this Part, shall have the following meaning, unless the context clearly indicates otherwise:
"Interest" means the interest that accrues in an employer's account pursuant to 40 O.S. Sections 3-301 and 3-806(A).
"Penalties" means the penalties assessed against an employer and added to his or her account pursuant to 40 O.S. Sections 3-301(B) and 3-806(B).

[Source: Added at 9 Ok Reg 3548, eff 7-20-92 (emergency); Added at 10 Ok Reg 1393, eff 4-26-93]

                    
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