Gavvy: Fin. Code, Sec. 16.002. Self-directed and Semi-independent Status of Financial Regulatory Agencies.

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Sec. 16.002. Self-directed and Semi-independent Status of Financial Regulatory Agencies.


Sec. 16.002.  SELF-DIRECTED AND SEMI-INDEPENDENT STATUS OF FINANCIAL REGULATORY AGENCIES.  Notwithstanding any other provision of law, a financial regulatory agency is self-directed and semi-independent as specified by this chapter.  Any Act of the 81st Legislature that relates to a financial regulatory agency and that is inconsistent with the agency being self-directed and semi-independent may be implemented by the financial regulatory agency only on authorization by the policy-making body of the financial regulatory agency.
Added by Acts 2009, 81st Leg., R.S., Ch. 1317 (H.B. 2774), Sec. 28(a), eff. September 1, 2009.

Gavvy last updated this database on: Sep 6, 2024