Tex. Occ. Code § 901.558 · Subchapter L. 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 is not upheld by the court, the board shall:
(1) remit the appropriate amount, plus accrued interest, to the person if the person paid the penalty; or
(2) execute a release of the bond if the person posted a supersedeas bond.
(b) The interest paid under Subsection (a) is paid 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
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.901.htm
- Text hash
- sha256 1d4f781898c72866bc61fe73b8fbbef80e705e257ced1b5be34be90b89a168b9
- 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.