Tex. Fin. Code § 15.204 · Subchapter C. COMPOSITION OF COMMISSION
QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Five commission members must be representatives of the public. A person is not eligible for appointment as a public member of the commission if the person or the person's spouse:
(1) is employed by or participates in managing or directing:
(A) a financial institution; or
(B) an organization, other than a financial institution, regulated by or receiving money from a financial institution regulatory agency;
(2) has, other than as a member or customer, a financial interest in:
(A) a financial institution; or
(B) an organization, other than a financial institution, regulated by or receiving money from a financial institution regulatory agency; or
(3) uses or receives a substantial amount of tangible goods, services, or money from the department, other than compensation or reimbursement authorized by law for commission membership, attendance, or expenses.
(b) The governor shall appoint public commission members on the basis of recognized business ability.
(c) In this section, "financial institution" includes an institution such as a credit union, bank, savings bank, or savings and loan association.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.05(d), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 87, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.15.htm
- Text hash
- sha256 17750b69a4810599cc67d3f6665142bb666ff9f4871107a508272d4daf26889b
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 15.204. Each shows the citation as that text prints it.
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.