Tex. Fin. Code § 14.105 · Subchapter C. POWERS AND DUTIES OF COMMISSIONER
GIFTS AND GRANTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may accept money, gifts, or grants on behalf of the state for a purpose related to a consumer credit educational opportunity or to assist a local government in the exercise of its police power unless the acceptance is prohibited by Subsection (b) or other law. Acceptance and use of money under this subsection must be approved by the finance commission.
(b) The commissioner may not accept or use money offered by:
(1) a person for investigating or prosecuting a matter; or
(2) a person who is affiliated with an industry that is regulated by the finance commission.
(c) Money received under Subsection (a) may be appropriated only for the purpose for which the money was given.
(d) The commissioner is not prohibited by Subsection (b) from receiving and using money from a person under the jurisdiction of the commissioner if the receipt and use is expressly authorized by other law.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.14.htm
- Text hash
- sha256 fb0c0297ade1659e9bbf697eca36fab67372b6d4548f1b7937137931d673b13a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.