LAC 40:III.305. Assessments―Failure to Pay; Penalties; Collection

A. Any entity assessed shall remit electronically, as provided in the notice, the amount of the assessment, within 30 days of the date of notice or by the due date set forth in the notice if greater than 30 days. B. Any entity failing to pay by the due date may be assessed a penalty of 20 percent of the unpaid assessment for each 30 days, or portion thereof, that the assessment remains unpaid. C. Payments received by the office shall be applied first to penalties assessed and then to the outstanding second injury fund assessment. D. The assessment and/or penalties imposed pursuant to this Section shall be pursued for collection by the procedures used for collection of an open account.