Sec. 1051.460. REMITTANCE OF ADMINISTRATIVE PENALTY AND INTEREST. (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.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Regulation of Engineering, Architecture, Land Surveying, and Related Practices
Subtitle B - Regulation of Architecture and Related Practices
Subchapter I. Administrative Penalty
Section 1051.451. Imposition of Administrative Penalty
Section 1051.452. Amount of Administrative Penalty
Section 1051.453. Report and Notice of Violation and Administrative Penalty
Section 1051.454. Administrative Penalty to Be Paid or Hearing Requested
Section 1051.456. Notice of Board Order
Section 1051.457. Options Following Board Order: Pay or Appeal
Section 1051.458. Collection of Administrative Penalty
Section 1051.459. Judicial Review
Section 1051.460. Remittance of Administrative Penalty and Interest