Tex. Nat. Res. Code § 161.320 · Subchapter H. FORFEITURE
LATE PAYMENTS; DEFAULT INTEREST RATE.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board may impose charges for late payments.
(b) In addition to charging for late payments under Subsection (a), the board may set and impose a default rate of interest on:
(1) the past due amounts; or
(2) the entire unpaid balance.
Notes and commentary — not statutory text
History
Acts 1977, 65th Leg., p. 2672, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1985, 69th Leg., ch. 798, Sec. 14, eff. Sept. 1, 1985; Acts 2003, 78th Leg., ch. 674, Sec. 9, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.161.htm
- Text hash
- sha256 868742a23934bee406959cedd8726f20a44c9f17e31fb15f9815b7b04e9b8c6d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.