(a) A reinstatement fee is due when a forfeited award is reinstated. The reinstatement fee is calculated at one and one-half percent of all amounts delinquent at the time of the reinstatement.
(b) The comptroller must receive the reinstatement fee before the forfeited award is reinstated.

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Terms Used In Texas Natural Resources Code 51.0771


(c) Amounts received in the form of a reinstatement fee are considered proceeds from the sale of permanent school fund land and shall be deposited in the permanent school fund.