Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 205.458 - Remittance of Penalty and Interest(a) If after judicial review the administrative penalty is reduced or not imposed by the court, the court shall, after the judgment becomes final: (1) order that the appropriate amount, plus accrued interest, be remitted to the person if the person paid the penalty; or(2) order the release of the bond in full if the penalty is not imposed or order the release of the bond after the person pays the penalty imposed if the person posted a supersedeas bond.(b) The interest paid under Subsection (a)(1) is the rate charged on loans to depository institutions by the New York Federal Reserve Bank. The interest is paid for the period beginning on the date the penalty is paid and ending on the date the penalty is remitted.Added by Acts 2005, 79th Leg., Ch. 269, Sec. 3.34, eff. 9/1/2005.