Texas Statutes
§ 91.403 — PAYMENT OF INTEREST ON LATE PAYMENTS.
Texas § 91.403
JurisdictionTexas
Code NRNatural Resources Code
This text of Texas § 91.403 (PAYMENT OF INTEREST ON LATE PAYMENTS.) 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. § 91.403 (2026).
Text
Sec. 91.403. PAYMENT OF INTEREST ON LATE PAYMENTS.
(a)If payment has not been made for any reason in the time limits specified in Section 91.402 of this code, the payor must pay interest to a payee beginning at the expiration of those time limits at two percentage points above the percentage rate charged on loans to depository institutions by the New York Federal Reserve Bank, unless a different rate of interest is specified in a written agreement between payor and payee.
(b)Subsection (a) of this section does not apply where payments are withheld or suspended by a payor beyond the time limits specified in Section 91.402 of this code because of the conditions enumerated in Section 91.402 of this code.
(c)The payor's obligation to pay interest and the payee's right to receive interest un
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Legislative History
Added by Acts 1983, 68th Leg., p. 966, ch. 228, Sec. 1, eff. Sept. 1, 1983. Amended by Acts 1985, 69th Leg., ch. 230, Sec. 18, eff. Sept. 1, 1985; Acts 1991, 72nd Leg., ch. 650, Sec. 3, eff. Aug. 26, 1991; Acts 1991, 72nd Leg., ch. 676, Sec. 1, eff. Sept. 1, 1991; Acts 1997, 75th Leg., ch. 1037, Sec. 39, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1423, Sec. 14.15, eff. Sept. 1, 1997.
Nearby Sections
15
§ 91.001
DEFINITIONS.§ 91.002
CRIMINAL PENALTY.§ 91.011
CASING.§ 91.0115
CASING; LETTER OF DETERMINATION.§ 91.012
WATER IN WELLS.§ 91.014
PETITION TO RESTRAIN WASTE.§ 91.015
PREVENTION OF WASTE.§ 91.017
USING GAS IN THE OPEN AIR.§ 91.018
ILLUMINATION.§ 91.020
ELECTRONIC GEOLOGIC DATA.§ 91.051
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Bluebook (online)
Texas § 91.403, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/NR/91.403.