Tex. Fin. Code § 279.055

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 279.055 - Determination By Finance Commission

(a) Not later than the 120th day after the date an application for the designation of a banking development district is submitted under Section 279.053, the finance commission shall make a determination regarding whether to approve the application.

(b) If the finance commission approves the application, the finance commission shall notify the:

(1) local government;

(2) financial institution;

(3) comptroller;

(4) Texas Economic Development and Tourism Office;

(5) lieutenant governor; and

(6) speaker of the house of representatives.

Tex. Fin. Code § 279.055

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 967,Sec. 1, eff. 9/1/2015.