Section 7. Interest and Surcharges. —

Hereafter, the Authority shall have the power to impose and collect interest equal to 14% per annum of the levies paid after the due date thereof; Provided, however, That in cases of willful or fraudulent failure to pay the levy, as determined by the Authority the Authority may impose a surcharge of 25% in addition to the assessable interest on late payments. In disputed assessments where genuine issues of fact and/or law are raised, the Authority may, in its discretion, enter into a compromise settlement of the disputed assessment waiving in whole or part the assessable levy, interest and surcharges.