BIENNIAL ADJUSTMENT OF CERTAIN FEES.
Tex. OCC Code § 2303.1552.
in effect(a) In this section, "consumer price index" means the Consumer Price Index for All Urban Consumers (CPI-U) published by the Bureau of Labor Statistics of the United States Department of Labor.
(b) Each odd-numbered year, the commission, not later than November 1:
(1) by rule may adjust the impoundment fee under Section 2303.155 (b)(2) and the storage fees under Section 2303.155 (b)(3) by an amount equal to the amount of the applicable fee in effect on December 31 of the preceding year multiplied by the percentage increase or decrease in the consumer price index during the preceding state fiscal biennium; and
(2) if the fees are adjusted under Subdivision (1), shall publish the adjusted fees on the department's Internet website.
(c) A fee adjusted under Subsection (b) is effective beginning the January 1 following the adoption of a rule under that subsection.
(d) If a fee is decreased under this section, the operator of a vehicle storage facility or governmental vehicle storage facility, as defined by Section 2303.155 , shall begin charging the adjusted fee on the effective date of the decrease. If a fee is increased under this section, the operator may begin charging the adjusted fee at any time on or after the effective date of the increase.
Added by Acts 2019, 86th Leg., R.S., Ch. 996 (H.B. 1140 ), Sec. 2, eff. June 14, 2019.