Texas Statutes (Last Updated: January 4, 2014) |
OCCUPATIONS CODE |
Title 5. REGULATION OF FINANCIAL AND LEGAL SERVICES |
Subtitle A. FINANCIAL SERVICES |
Chapter 901. ACCOUNTANTS |
Subchapter L. ADMINISTRATIVE PENALTY |
Sec. 901.556. OPTIONS FOLLOWING DECISION: PAY OR APPEAL
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(a) Not later than the 30th day after the date the board's order becomes final as provided by Section 2001.144, Government Code, the person shall:
(1) pay the administrative penalty; or
(2) file a petition for judicial review contesting the fact of the violation, the amount of the penalty, or both.
(b) Within the 30-day period, a person who acts under Subsection (a)(2) may stay enforcement of the penalty by:
(1) paying the penalty to the board for placement in an escrow account;
(2) giving to the board a supersedeas bond in a form approved by the board that:
(A) is for the amount of the penalty; and
(B) is effective until judicial review of the board's order is final; or
(3) filing with the board an affidavit of the person stating that the person is financially unable to pay the penalty and is financially unable to give the supersedeas bond.
(c) A person who fails to take action as provided by this section waives the right to judicial review of the board's order.