1. (a) Not later than the 10th day after the date an appraisal district receives from a property owner a completed request for binding arbitration under this chapter and an arbitration deposit as required by Section 41A.03, the appraisal district shall:

   1. (1) certify the request;
   2. (2) submit the request and deposit to the comptroller; and
   3. (3) request the comptroller to appoint a qualified arbitrator to conduct the arbitration.
2. (b) The comptroller may retain $50 of the deposit to cover the comptroller's administrative costs.

Added by Acts 2005, 79th Leg., Ch. 372 (S.B. 1351), Sec. 1, eff. September 1, 2005.

Added by Acts 2005, 79th Leg., Ch. 912 (H.B. 182), Sec. 1, eff. September 1, 2005.

Acts 2015, 84th Leg., R.S., Ch. 474 (S.B. 849), Sec. 3, eff. September 1, 2015.