Tex. Occ. Code § 1001.506 · Subchapter K. ADMINISTRATIVE PENALTY
REMITTANCE OF PENALTY AND INTEREST.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If, after judicial review, the administrative penalty is reduced or not imposed by the court, the court shall:
(1) order the appropriate amount, plus accrued interest, be remitted to the person if the person paid the penalty; or
(2) order the release of the bond:
(A) if the person gave a supersedeas bond and the penalty is not upheld by the court; or
(B) after the person pays the penalty if the person gave a supersedeas bond and the penalty is reduced.
(b) The interest paid under Subsection (a)(1) is at the rate charged on loans to depository institutions by the New York Federal Reserve Bank. The interest shall be paid for the period beginning on the date the penalty is paid and ending on the date the penalty is remitted.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1001.htm
- Text hash
- sha256 09ffacd0c1c6140c9293cb5a86849ac893ebff95e67cf5547b0e520d6ac3950a
- 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.