Sec. 2257.113. ENFORCEMENT STAYED PENDING REVIEW. Enforcement of a penalty imposed under Section 2257.107, 2257.108, or 2257.109 may be stayed during the time the order is under judicial review if the participating institution pays the penalty to the clerk of the court or files a supersedeas bond with the court in the amount of the penalty. A participating institution that cannot afford to pay the penalty or file the bond may stay the enforcement by filing an affidavit in the manner required by the Texas Rules of Civil Procedure for a party who cannot afford to file security for costs, subject to the right of the comptroller to contest the affidavit as provided by those rules.
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