Sec. 1301.710. REMITTANCE OF PENALTY AND INTEREST. (a) If the person paid the penalty and if the amount of the penalty is reduced or the penalty is not upheld by the court, the court shall order, when the court's judgment becomes final, that the appropriate amount plus accrued interest be remitted to the person.
(b) The interest accrues at the rate charged on loans to depository institutions by the New York Federal Reserve Bank.
(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.
Added by Acts 2003, 78th Leg., ch. 819, Sec. 26, eff. Sept. 1, 2003.
Structure Texas Statutes
Title 8 - Regulation of Environmental and Industrial Trades
Subchapter N. Administrative Penalty
Section 1301.701. Imposition of Penalty
Section 1301.702. Amount of Penalty
Section 1301.703. Notice of Violation and Penalty
Section 1301.704. Penalty to Be Paid or Hearing Requested
Section 1301.706. Decision by Board
Section 1301.707. Options Following Decision: Pay or Appeal
Section 1301.708. Stay of Enforcement of Penalty
Section 1301.709. Decision by Court
Section 1301.710. Remittance of Penalty and Interest
Section 1301.711. Release of Bond