30 Tex. Admin. Code § 12.3 - Penalty and Interest on Delinquent Fees
(a) A penalty of 5.0% of the fee due shall be
imposed on a person who fails to pay a fee required under this title when due,
and, if the person fails to pay the fee within 30 days after the day on which
the fee is due, an additional 5.0% penalty shall be imposed.
(b) Delinquent fees accrue interest beginning
on the 61st day after their due date.
(c) The yearly interest rate on all
delinquent fees required under this title is the prime rate plus one percent,
as published in the Wall Street Journal on the first day of each calendar year
that is not a Saturday, Sunday, or legal holiday.
(d) Penalties and/or interest under this
section may be waived by the executive director for good cause.
Notes
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