Tex. Transp. Code § 502.404

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

Section 502.404 - Voluntary Assessment for Texas Agricultural Finance Authority

(a) When a person registers a commercial motor vehicle under Section 502.433, the person shall pay a voluntary assessment of $5.

(b) The county assessor-collector shall send an assessment collected under this section to the comptroller, at the time and in the manner prescribed by the Texas Agricultural Finance Authority, for deposit in the Texas agricultural fund.

(c) The Texas Agricultural Finance Authority shall prescribe procedures under which an assessment collected under this section may be refunded. The county assessor-collector of the county in which an assessment is collected shall:

(1) implement the refund procedures; and

(2) provide notice of those procedures to a person paying an assessment at the time of payment.

Tex. Transp. Code § 502.404

Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1197 (S.B. 1214), Sec. 7, eff. June 14, 2013

Transferred, redesignated and amended from Transportation Code, Section 502.174 by Acts 2011, 82nd Leg., R.S., Ch. 1296 (H.B. 2357), Sec. 138, eff. January 1, 2012.