(a) With the exception of the renewal installment schedule for small schools, a school may elect to pay any single fee in excess of $1,000 by quarterly installment. A service charge of 10% of the fee shall be added, and the total divided into equal quarterly installment payments. The first payment shall be due on the date the fee is due. The successive payments shall be due in 90-day increments. (b) Failure to pay any installment by the due date may result in one or more of the following:   (1) a penalty being assessed in the amount of 50% of the total amount of the fee;   (2) full payment of the penalty and outstanding balance due within 30 days; or   (3) suspension of participation in the installment payment plan for the next renewal period.

Source Note: The provisions of this §807.153 adopted to be effective August 28, 2006, 31 TexReg 6803