Sec. 2257.109. PENALTY FOR FAILURE TO PAY ASSESSMENT. The comptroller may impose an administrative penalty against a participating institution that does not pay an assessment against it in the time provided by Section 2257.106(c).
Added by Acts 2009, 81st Leg., R.S., Ch. 486 (S.B. 638), Sec. 1, eff. September 1, 2009.
Structure Texas Statutes
Subtitle F - State and Local Contracts and Fund Management
Chapter 2257 - Collateral for Public Funds
Subchapter F. Pooled Collateral to Secure
Section 2257.102. Pooled Collateral Program
Section 2257.103. Participation in Pooled Collateral Program
Section 2257.104. Collateral Required; Custodian Trustee
Section 2257.105. Monitoring Collateral
Section 2257.106. Annual Assessment
Section 2257.107. Penalty for Reporting Violation
Section 2257.108. Notice of Collateral Violation; Administrative Penalty
Section 2257.109. Penalty for Failure to Pay Assessment
Section 2257.110. Penalty Amount; Penalties Not Exclusive
Section 2257.111. Penalty Proceeding Contested Case
Section 2257.112. Suit to Collect Penalty