Texas Natural Resources Code
§ 161.320 — LATE PAYMENTS; DEFAULT INTEREST RATE
NR § 161.320Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. H. FORFEITURE
Statute text
View on source(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.
Legislative history
Acts 1977, 65th Leg., p. 2672, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1985, 69th Leg., ch. 798, Sec. 14, eff. Sept. 1, 1985; Acts 2003, 78th Leg., ch. 674, Sec. 9, eff. Sept. 1, 2003.