Section 27.403 - Payment of Assessments, Incentives for Early Payment; Penalties for Late Payment(a) All assessments are due in full, postmarked to the Corporation on or before the due date set by the Commissioner each year.(b) Any producer who pays the full amount of the assessment 15 or more days before the due date will be entitled to a reduction in the total amount of their assessment of not less than 2.0%.(c) Any producer who has not paid the amount of the assessment by the due date will be charged a late fee not to exceed 1.5% per month of the total amount due to the Corporation.(d) Assessments not paid 30 days or more after the due date may be referred to the Department for assessment of administrative penalties in accordance with Chapter 80 of the Code, and § RSA 27.303 of this title (relating to Penalties for Non-Payment of Assessment and Failure to Timely Report Acreage).4 Tex. Admin. Code § 27.403
Adopted by Texas Register, Volume 40, Number 48, November 27, 2015, TexReg 8638, eff. 12/6/2015