Tex. Nat. Res. Code § 161.320

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

Section 161.320 - 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 § 161.320

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

Amended by Acts 1985, 69th Leg., ch. 798, Sec. 14, eff. 9/1/1985

Acts 1977, 65th Leg., p. 2672, ch. 871, art. I, Sec. 1, eff. 9/1/1977.