Texas Transportation Code 502.404 – Voluntary Assessment for Texas Agricultural Finance Authority
Current as of: 2024 | Check for updates
|
Other versions
(a) When a person registers a commercial motor vehicle under § 502.433, the person shall pay a voluntary assessment of $5.
(b) The county assessor-collector shall send an assessment collected under this section to the comptroller, at the time and in the manner prescribed by the Texas Agricultural Finance Authority, for deposit in the Texas agricultural fund.
Terms Used In Texas Transportation Code 502.404
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) The Texas Agricultural Finance Authority shall prescribe procedures under which an assessment collected under this section may be refunded. The county assessor-collector of the county in which an assessment is collected shall:
(1) implement the refund procedures; and
(2) provide notice of those procedures to a person paying an assessment at the time of payment.