1. (a) On the date the court's judgment that an administrative penalty against a person should be reduced or not assessed becomes final, the court shall order that:

   1. (1) the appropriate amount of any penalty payment plus accrued interest be remitted to the person not later than the 30th day after that date; or
   2. (2) the bond be released, if a supersedeas bond has been posted.

2. (b) Accrued interest on amounts remitted by the department shall be paid:

   1. (1) at a rate equal to the rate charged on loans to depository institutions by the New York Federal Reserve Bank; and
   2. (2) for the period beginning on the date the penalty is paid to the department under Section 401.389(a) and ending on the date the penalty is remitted.

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Amended by Acts 1995, 74th Leg., ch. 76, Sec. 11.241, eff. Sept. 1, 1995;

Acts 1997, 75th Leg., ch. 1072, Sec. 58, eff. Sept. 1, 1997.

Acts 2015, 84th Leg., R.S., Ch. 1 (S.B. 219), Sec. 3.0928, eff. April 2, 2015.