§ 37-4. Exemptions.

The City is not liable for the payment of interest pursuant to this subtitle:

(1) if a proper invoice for accrued interest is not submitted within 30 calendar days after the payment date of the amount on which the interest accrued;

(2) if there is a dispute between the City and the contractor;

(3) for more than 1 year following the 31^st calendar day after the receipt date; or

(4) on amounts representing unpaid interest.