Sec. 264.010. REMITTANCE OF PENALTY AND INTEREST. (a) If after judicial review, the penalty is reduced or not upheld by the court, the court shall, after the judgment becomes final:
(1) order that the appropriate amount, plus accrued interest, be remitted to the person if the person paid the penalty; or
(2) order the release of the bond after the person pays the penalty imposed if the person posted a supersedeas bond.
(b) The interest paid under Subsection (a)(1) is the rate charged on loans to depository institutions by the New York Federal Reserve Bank. The interest is paid for the period beginning on the date the penalty is paid and ending on the date the penalty is remitted.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Chapter 264 - Penalties and Enforcement Provisions
Subchapter A. Administrative Penalty
Section 264.001. Imposition of Penalty
Section 264.002. Amount of Penalty
Section 264.003. Report and Notice of Violation and Penalty
Section 264.004. Penalty to Be Paid or Hearing Requested
Section 264.006. Decision by Board
Section 264.007. Options Following Decision: Pay or Appeal
Section 264.008. Collection of Penalty
Section 264.009. Determination by Court
Section 264.010. Remittance of Penalty and Interest
Section 264.011. Informal Assessment of Administrative Penalty
Section 264.0115. Alternative Informal Assessment of Administrative Penalty