Tex. Nat. Res. Code § 161.509

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 161.509 - Late Payments; Default Interest Rate

(a) The board may impose charges for late payments.

(b) In addition to charging for late payments under Subsection (a), the board may set and impose a default rate of interest on:

(1) the past due amounts; or

(2) the entire unpaid balance.

Tex. Nat. Res. Code § 161.509

Amended by Acts 2003, 78th Leg., ch. 674, Sec. 20, eff. 9/1/2003.

Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. 5/21/2001.