Texas Finance Code
§ 279.102 — RULES
FI § 279.102Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES · Ch. 279. BANKING AND CREDIT UNION DEVELOPMENT DISTRICTS · Art. C. CREDIT UNION DEVELOPMENT DISTRICTS
Statute text
View on source(a)Subject to Subsection (b), the Credit Union Commission shall adopt rules to implement this subchapter and Subchapter D with respect to credit unions in credit union development districts.
(b)The Credit Union Commission, in consultation with the Texas Economic Development and Tourism Office, shall adopt rules regarding the criteria for the designation of credit union development districts under this subchapter. The rules must require the Credit Union Commission to consider:
(1)the location, number, and proximity of sites where services provided by a credit union are available in the proposed credit union development district;
(2)consumer needs for services provided by a credit union in the proposed district;
(3)the economic viability and local credit needs of the community in the proposed district;
(4)the existing commercial development in the proposed district; and
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Legislative history
Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.