Texas Code § 401.390

REMITTING PENALTY PAYMENTS; RELEASING BONDS
Open in Lexace · Ask the AI about this section
Sec. 401.390. REMITTING PENALTY PAYMENTS; RELEASING BONDS. (a) On the date the court's judgment that an administrative penalty against a person should be reduced or not assessed becomes final, the court shall order that:
(1) the appropriate amount of any penalty payment plus accrued interest be remitted to the person not later than the 30th day after that date; or
(2) the bond be released, if a supersedeas bond has been posted.
(b) Accrued interest on amounts remitted by the department shall be paid:
(1) at a rate equal to the rate charged on loans to depository institutions by the New York Federal Reserve Bank; and
(2) for the period beginning on the date the penalty is paid to the department under Section 401.389 (a) and ending on the date the penalty is remitted.

‹ Prev All Texas sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.