Section 228.303 - Administrative Penalty(a) The comptroller may impose an administrative penalty on a certified capital company that violates this chapter.(b) The amount of the penalty may not exceed $25,000. Each day a violation continues or occurs is a separate violation for the purpose of imposing the penalty. The amount of the penalty shall be based on:(1) the seriousness of the violation, including the nature, circumstances, extent, and gravity of the violation;(2) the economic harm caused by the violation;(3) the history of previous violations;(4) the amount necessary to deter a future violation;(5) efforts to correct the violation; and(6) any other matter that justice may require.(c) A certified capital company assessed a penalty under this chapter may request a redetermination as provided by Chapter 111, Tax Code.(d) The attorney general may sue to collect the penalty.(e) A proceeding to impose the penalty is a contested case under Chapter 2001, Government Code.Added by Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 1B.001, eff. 4/1/2009.