Sec. 411.532. REMITTANCE OF PENALTY AND INTEREST. (a) If, after judicial review, the administrative penalty is reduced or not imposed, the department shall:
(1) remit to the person the appropriate amount, plus accrued interest, if the person paid the amount of the penalty; or
(2) execute a release of the bond, if the person posted a supersedeas bond.
(b) The interest paid under Subsection (a)(1) is accrued at the rate charged on loans to depository institutions by the New York Federal Reserve Bank. The interest shall be paid for the period beginning on the date the penalty is paid to the department and ending on the date the penalty is remitted.
Added by Acts 2019, 86th Leg., R.S., Ch. 595 (S.B. 616), Sec. 3.002, eff. September 1, 2019.
Structure Texas Statutes
Subtitle B - Law Enforcement and Public Protection
Chapter 411 - Department of Public Safety of the State of Texas
Subchapter R. Administrative Penalty
Section 411.522. Applicability
Section 411.523. Imposition of Penalty
Section 411.524. Amount of Penalty
Section 411.525. Imposition of Sanction
Section 411.526. Notice of Violation and Penalty
Section 411.527. Penalty to Be Paid or Hearing Requested
Section 411.528. Hearing on Recommendations
Section 411.529. Decision by Commission
Section 411.530. Options Following Decision: Pay or Appeal
Section 411.531. Collection of Penalty