Tex. Occ. Code § 1051.460 · Subchapter I. ADMINISTRATIVE PENALTY
REMITTANCE OF ADMINISTRATIVE 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 board shall:
(1) remit the appropriate amount plus accrued interest to the person on whom the penalty is imposed, if the person paid the penalty; or
(2) execute a release of the bond, if the person posted a supersedeas bond.
(b) The interest remitted 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.1051.htm
- Text hash
- sha256 e52e20b4574e0cad25b5d0d18ab2b2793635ca79723312192cd77a168cf16278
- 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.