Sec. 51.301. INTEREST ON PAST-DUE PAYMENTS. Payments under this subchapter that are past due shall bear interest at a rate equal to the rate imposed by the comptroller under Section 111.060, Tax Code, for delinquent payments due the state, except that if the commissioner enters into an agreement with the grantee of the easement or lease specifying a lower rate, the payments bear interest at that lower rate.
Acts 1977, 65th Leg., p. 2440, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 387 (S.B. 654), Sec. 12, eff. June 15, 2007.
Structure Texas Statutes
Subtitle D - Disposition of the Public Domain
Chapter 51 - Land, Timber, and Surface Resources
Section 51.291. Grants of Easements
Section 51.292. Easements and Leases for Certain Facilities
Section 51.295. Conditions for Easement
Section 51.296. Term of Easements
Section 51.297. Recording Easements
Section 51.299. Fees for Certain Facilities
Section 51.2995. Waiver or Reduction of Easement Fees in Certain Circumstances
Section 51.300. Disposition of Income
Section 51.301. Interest on Past-Due Payments
Section 51.302. Prohibition and Penalty
Section 51.3021. Removal of Facility or Structure by Commissioner