Tex. Fin. Code § 279.052 · Subchapter B. BANKING DEVELOPMENT DISTRICTS
RULES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to Subsection (b), the finance commission shall adopt rules to implement this subchapter and Subchapter D with respect to financial institutions in banking development districts.
(b) The finance commission, in consultation with the Texas Economic Development and Tourism Office, shall adopt rules regarding the criteria for the designation of banking development districts under this subchapter. The rules must require the finance commission to consider:
(1) the location, number, and proximity of sites where banking services are available in the proposed banking development district;
(2) consumer needs for banking services 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
(5) the impact additional banking services would have on potential economic development in the proposed district.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.279.htm
- Text hash
- sha256 89f23980f8e8bfc02a82b4803d091e08e9a26bcd458c5dc2ebcb589d6f9223e5
- 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.