Tex. Government Code § 2116.104: RULES.

Text of section effective on May 01, 2027

The comptroller shall adopt rules as necessary or convenient to implement and administer this subchapter, including rules to:

(1) provide for the security of transactions in gold and silver specie and gold and silver currency and related information;

(2) determine the value of the gold and silver currency described by Section 2116.102 at the time of a transaction or in a commercially reasonable manner;

(3) establish a fee that is reasonable and necessary to administer this subchapter;

(4) authorize and approve vendors, including financial institutions, to provide an electronic system described by Section 2116.102; and

(5) adopt policies and procedures to prevent:

(A) fraud; and

(B) transactions in gold and silver specie or gold and silver currency involving a foreign adversary, or a person associated with a foreign adversary, as determined under 15 C.F.R. Section 791.4.

Added by Acts 2025, 89th Leg., R.S., Ch. 1176 (H.B. 1056), Sec. 1, eff. May 1, 2027.