Texas Transportation Code 623.096 – Permit Fee
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(a) The department shall collect a fee of $40 for each permit issued under this subchapter. Of each fee, $19.70 shall be deposited to the credit of the general revenue fund and of the remainder:
(1) 90 percent shall be deposited to the credit of the state highway fund; and
(2) 10 percent shall be deposited to the credit of the Texas Department of Motor Vehicles fund.
(b) The board, in consultation with the Texas Department of Transportation, shall adopt rules concerning fees for each annual permit issued under § 623.095(c) at a cost not to exceed $3,000.
Terms Used In Texas Transportation Code 623.096
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(c) The department may establish an escrow account within the Texas Department of Motor Vehicles fund for the payment of permit fees.