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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 279.055: DETERMINATION BY FINANCE COMMISSION.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES
  4. CHAPTER 279. BANKING AND CREDIT UNION DEVELOPMENT DISTRICTS
  5. SUBCHAPTER B. BANKING DEVELOPMENT DISTRICTS

(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.

Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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