Sec. 153.059. 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 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.
(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 2013, 83rd Leg., R.S., Ch. 42 (S.B. 966), Sec. 1.01, eff. September 1, 2014.
Redesignated from Government Code, Subtitle K, Title 2 by Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 21.001(21), eff. September 1, 2015.
Structure Texas Statutes
Subtitle L - Court Professions Regulation
Chapter 153 - Commission Enforcement
Subchapter B. Administrative Penalty; Administrative Sanction
Section 153.051. Imposition of Penalty
Section 153.052. Amount of Penalty
Section 153.053. Report and Notice of Violation, Penalty, and Sanction
Section 153.054. Penalty Paid, Sanction Accepted, or Hearing Requested
Section 153.055. Notice; Hearing
Section 153.056. Options Following Decision: Pay, Accept, or Appeal
Section 153.057. Collection of Penalty
Section 153.058. Appeal of Decision
Section 153.059. Remittance of Penalty and Interest
Section 153.060. Reissuance of Certificate, Registration, or License