Tex. Utilities Code § 16.003
This is the official text of Tex. Utilities Code § 16.003, part of Texas’s Utilities Code — regulates utility companies.
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§ 16.003. LATE PAYMENT PENALTY.
Official statutory text
(a) An additional fee equal to 10 percent of the amount due shall be assessed for any late payment of an assessment required under this subchapter.
(b) An assessment delinquent for more than 30 days accrues interest at an annual rate of 12 percent on the amount of the assessment and penalty due.
(b) An assessment delinquent for more than 30 days accrues interest at an annual rate of 12 percent on the amount of the assessment and penalty due.
Status: in_force · Read it on the official government site
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