Texas Finance Code
§ 279.055 — DETERMINATION BY FINANCE COMMISSION
FI § 279.055Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES · Ch. 279. BANKING AND CREDIT UNION DEVELOPMENT DISTRICTS · Art. B. BANKING DEVELOPMENT DISTRICTS
Statute text
View on source(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;
…
Legislative history
Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.