80th Texas Legislature, Regular Session, House Bill 2007, Chapter 110 Page: 1 of 16
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H.B. No. 2007
1 AN ACT
2 relating to modernization of the regulation of banking in this
3 state.
4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
5 SECTION 1. Subchapter B, Chapter 12, Finance Code, is
6 amended by adding Section 12.1085 to read as follows:
7 Sec. 12.1085. FINANCIAL LITERACY PROGRAM. (a) The
8 department shall seek to improve the financial literacy and
9 education of persons in this state and to encourage access to
10 mainstream financial products and services by persons who have not
11 previously participated in the conventional finance system, by:
12 (1) coordinating, encouraging, and aiding banks in the
13 development and promotion of financial literacy and education
14 programs and community outreach;
15 (2) serving as a clearinghouse of Information about
16 financial literacy and education programs;
17 (3) creating and maintaining a resource bank of
18 materials pertaining to financial literacy; and
19 (4) promoting replication of best practices and
20 exemplary programs that foster financial literacy and education.
21 (b) The department may solicit and accept a gift, grant, or
22 donation from any source, including a foundation, private entity,
23 governmental entity, or institution of higher education, to assist
24 in the implementation of this section.Chapter 110
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Texas. Legislature. House of Representatives. 80th Texas Legislature, Regular Session, House Bill 2007, Chapter 110, legislative document, 2007-04/2007-05; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth154913/m1/1/?rotate=270: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.