Sec. 279.055.  DETERMINATION BY FINANCE COMMISSION.  (a)  Not later than the 120th day after the date an application for the designation of a banking development district is submitted under Section 279.053, the finance commission shall make a determination regarding whether to approve the application.
(b)  If the finance commission approves the application, the finance commission shall notify the:
(1)  local government;
(2)  financial institution;
(3)  comptroller;
(4)  Texas Economic Development and Tourism Office;
(5)  lieutenant governor; and
(6)  speaker of the house of representatives.
Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.