Tex. Nat. Res. Code § 161.320

LATE PAYMENTS; DEFAULT INTEREST RATE

Acts 1977, 65th Leg., p. 2672, ch. 871, art

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.