Texas § 161.320 LATE PAYMENTS; DEFAULT INTEREST RATE.

Texas Statutes

§ 161.320 — LATE PAYMENTS; DEFAULT INTEREST RATE.

Texas § 161.320

Code NRNatural Resources Code

This text of Texas § 161.320 (LATE PAYMENTS; DEFAULT INTEREST RATE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Natural Resources Code Code Ann. § 161.320 (2026).

Text

Sec. 161.320. LATE PAYMENTS; DEFAULT INTEREST RATE.

(a)The board may impose charges for late payments.

(b)In addition to charging for late payments under Subsection (a), the board may set and impose a default rate of interest on:

(1)the past due amounts; or

(2)the entire unpaid balance.

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Legislative History

Acts 1977, 65th Leg., p. 2672, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1985, 69th Leg., ch. 798, Sec. 14, eff. Sept. 1, 1985; Acts 2003, 78th Leg., ch. 674, Sec. 9, eff. Sept. 1, 2003.