Texas Finance Code

§ 16.012 — GIFTS

FI § 16.012Title 2. FINANCIAL REGULATORY AGENCIES · Ch. 16. FINANCIAL REGULATORY AGENCIES: SELF-DIRECTED AND SEMI-INDEPENDENT

(a)Notwithstanding any other law, a financial regulatory agency may not accept a gift, grant, or donation:

(1)from a party to an enforcement action; or

(2)to pursue a specific investigation or enforcement action.

(b)A financial regulatory agency must:

(1)report each gift, grant, or donation that the agency receives as a separate item in the agency's report required under Section 16.005(b); and

(2)include with the report a statement indicating the purpose for which each gift, grant, or donation was donated and used.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 1317 (H.B. 2774), Sec. 28(a), eff. September 1, 2009.