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Texas Utilities Code - Section 16.003. Late Payment Penalty

Legal Research Home > Texas Lawyer > Utilities Code > Texas Utilities Code - Section 16.003. Late Payment Penalty

§ 16.003. LATE PAYMENT PENALTY.  (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.

Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.                    

Last modified: August 10, 2007