Texas Natural Resources Code § 161.509 Late Payments; Default Interest Rate

Sec. 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.

Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. May 21, 2001. Amended by Acts 2003, 78th Leg., ch. 674, Sec. 20, eff. Sept. 1, 2003.

Section: Previous  161.403  161.501  161.502  161.503  161.504  161.505  161.506  161.507  161.508  161.509  161.510  161.511  161.512  161.513  161.514  Next

Last modified: September 28, 2016