Sec. 502.1983. DEPOSIT OF FEES IN INTEREST-BEARING ACCOUNT. (a) A county assessor-collector may:
(1) deposit the fees subject to Section 502.198 in an interest-bearing account or certificate in the county depository; and
(2) send the fees to the department not later than the 34th day after the date the fees are due under Section 502.198.
(b) The county owns all interest earned on fees deposited under this section. The county treasurer shall credit the interest to the county general fund.
Transferred, redesignated and amended from Transportation Code, Section 502.106 by Acts 2011, 82nd Leg., R.S., Ch. 1296 (H.B. 2357), Sec. 118, eff. January 1, 2012.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 1287 (H.B. 2202), Sec. 23, eff. September 1, 2013.
Acts 2017, 85th Leg., R.S., Ch. 968 (S.B. 2075), Sec. 10, eff. September 1, 2017.
Structure Texas Statutes
Title 7 - Vehicles and Traffic
Subtitle A - Certificates of Title and Registration of Vehicles
Chapter 502 - Registration of Vehicles
Subchapter E. Administration of Fees
Section 502.190. Schedule of Registration Fees
Section 502.191. Collection of Fees
Section 502.1911. Registration Processing and Handling Fee
Section 502.193. Payment by Check Drawn Against Insufficient Funds
Section 502.1931. Disputed Payment by Credit Card or Debit Card
Section 502.194. Credit for Registration Fee Paid on Motor Vehicle Subsequently Destroyed
Section 502.195. Refund of Overcharged Registration Fee
Section 502.196. Deposit of Registration Fees in State Highway Fund
Section 502.197. Registration by Mail or Electronic Means; Service Charge
Section 502.198. Disposition of Fees Generally
Section 502.1983. Deposit of Fees in Interest-Bearing Account
Section 502.1984. Interest on Fees
Section 502.1985. Use of Registration Fees Retained by County
Section 502.1986. Contingent Provision for Distribution of Fees Between State and Counties