Tex. Government Code § 153.059

This is the official text of Tex. Government Code § 153.059, part of Texas’s Government Code — covers the structure and operation of Texas state and local government.

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§ 153.059. REMITTANCE OF PENALTY AND INTEREST.

Official statutory text

(a) If the person paid the penalty and if the amount of the penalty is reduced or the penalty is not upheld by the special committee, the special committee shall order that the appropriate amount plus accrued interest be remitted to the person not later than the 30th day after the date the judgment of the special committee becomes final.

(b) The interest accrues at the rate charged on loans to depository institutions by the New York Federal Reserve Bank.

(c) 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.

Status: in_force · Read it on the official government site

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