Be it enacted by the General Assembly of Virginia:
1. That §15.2-105 of the Code of Virginia is amended and reenacted as follows:
§15.2-105. Penalty and interest for failure to pay accounts when due.
Any person failing to pay, pursuant to an ordinance, any
account due a locality on or before its due date, other than taxes which are
provided for in Title 58.1, may, at the option of the locality, incur a penalty
thereon of ten dollars $10 or an amount not exceeding ten 10
percent. The penalty shall be added to the amount of the account due from such
person. No penalty shall be imposed for failure to pay any account if such
failure was not in any way the fault of the debtor.
Interest at the rate of ten 10 percent annually from the
first day following the day such account is due may be collected upon the principal
and penalty of all such accounts. The ordinance may also
provide for the imposition of collection and
administrative fees, not to exceed the amount provided for in §58.1-3958.