Texas Government Code 153.059 – Remittance of Penalty and Interest
Current as of: 2024 | Check for updates
|
Other versions
(a) If the person paid the penalty and if the amount of the penalty is reduced or the penalty is not upheld by the special committee, the special committee shall order that the appropriate amount plus accrued interest be remitted to the person not later than the 30th day after the date the judgment of the special committee becomes final.
(b) The interest accrues at the rate charged on loans to depository institutions by the New York Federal Reserve Bank.
Terms Used In Texas Government Code 153.059
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) 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.