81st Texas Legislature, Regular Session, House Bill 2774, Chapter 1317 Page: 43 of 47
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H.B. No. 2774
1 ending August 31, 2010, not later than that date and as funds become
2 available. The financial regulatory agency shall repay to the
3 general revenue fund the appropriation made to the agency for the
4 state fiscal year ending August 31, 2011, not later than that date
5 and as funds become available.
6 (k) The transfer of a financial regulatory agency, as
7 defined by Section 16.001, Finance Code, as added by this section,
8 to self-directed and semi-independent status under Chapter 16,
9 Finance Code, as added by this section, and the expiration of
10 self-directed and semi-independent status may not act to cancel,
11 suspend, or prevent:
12 (1) any debt owed to or by the financial regulatory
13 agency;
14 (2) any fine, tax, penalty, or obligation of any
15 party;
16 (3) any-contract or other obligation of any party; or
17 (4) any action taken by the financial regulatory
18 agency in the administration or enforcement of the agency's duties.
19 (1) Each financial regulatory agency, as defined by Section
20 16.001, Finance Code, as added by this section, shall continue to
21 have and exercise the powers and duties allocated to the agency in
22 the agency's enabling legislation, except as specifically amended
23 by this section.
24 (m) Title to all supplies, materials, records, equipment,
25 books, papers, and facilities used by each financial regulatory
26 agency, as defined by Section 16.001, Finance Code, as added by this
27 section, is transferred to each respective financial regulatory43
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Texas. Legislature. House of Representatives. 81st Texas Legislature, Regular Session, House Bill 2774, Chapter 1317, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth148604/m1/43/: accessed April 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.