Texas § 901.558 REMITTANCE OF PENALTY AND INTEREST.

Texas Statutes

§ 901.558 — REMITTANCE OF PENALTY AND INTEREST.

Texas § 901.558

Code OCOccupations Code

This text of Texas § 901.558 (REMITTANCE OF PENALTY AND INTEREST.) 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. Occupations Code Code Ann. § 901.558 (2026).

Text

Sec. 901.558. REMITTANCE OF PENALTY AND INTEREST.

(a)If after judicial review, the administrative penalty is reduced or is not upheld by the court, the board shall:

(1)remit the appropriate amount, plus accrued interest, to the person if the person paid the penalty; or

(2)execute a release of the bond if the person posted a supersedeas bond.

(b)The interest paid under Subsection (a) is paid 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 and ending on the date the penalty is remitted. SUBCHAPTER M. OTHER PENALTIES AND ENFORCEMENT PROVISIONS

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Sec. 901.558. REMITTANCE OF PENALTY AND INTEREST. (a) If after judicial review, the administrative penalty is reduced or is not upheld by the court, the board shall:
(1) remit the appropriate amount, plus accrued interest, to the person if the person paid the penalty; or
(2) execute a release of the bond if the person posted a supersedeas bond.
(b) The interest paid under Subsection (a) is paid 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 and ending on the date the penalty is remitted.
SUBCHAPTER M. OTHER PENALTIES AND ENFORCEMENT PROVISIONS