81st Texas Legislature, Regular Session, House Bill 2774, Chapter 1317 Page: 38 of 47
This legislative document is part of the collection entitled: Texas Laws and Resolutions Archive and was provided to The Portal to Texas History by the UNT Libraries Government Documents Department.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
H.B. No. 2774
1 regulatory agency for any reason, ownership of any property or
2 other asset acquired by the agency during the time the agency was a
3 self-directed semi-independent financial regulatory agency,
4 including unexpended fees in a deposit account in the Texas
5 Treasury Safekeeping Trust Company, shall be transferred to this
6 state.
7 Sec. 16.010. DUE PROCESS; OPEN GOVERNMENT. A financial
8 regulatory agency is:
9 (1) a governmental body for purposes of Chapters 551
10 and 552, Government Code; and
11 (2) a state agency for purposes of Chapters 2001 and
12 2005, Government Code.
13 Sec. 16.011. MEMBERSHIP IN EMPLOYEES RETIREMENT SYSTEM.
14 Employees of the financial regulatory agencies are members of the
15 Employees Retirement System of Texas under Chapter 812, Government
16 Code, and the agencies' transition to independent status as
17 provided by this chapter has no effect on their membership or any
18 benefits under that system.
19 Sec. 16.012. GIFTS. (a) Notwithstanding any other law, a
20 financial regulatory agency may not accept a gift, grant, or
21 donation:
22 (1) from a party to an enforcement action; or
23 (2) to pursue a specific investigation or enforcement
24 action.
25 (b) A financial regulatory agency must:
26 (1) report each gift, grant, or donation that the
27 agency receives as a separate item in the agency's report required38
Upcoming Pages
Here’s what’s next.
Search Inside
This document can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Legislative Document.
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/m1/38/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.