Texas Government Code
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.
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Last accessed
Oct. 14, 2020