(a) Basic application. A local government, in conjunction with a financial institution, may submit an application to the commission for the designation of a proposed banking development district, as provided by §6.4 of this title (relating to Submission and Processing of Application). The application must include the following information to the extent available:
  (1) identification of the local government applicant and evidence of the approval of the application by its governing body;
  (2) identification of the participating financial institution by type and name, and identification of its primary state and/or federal regulator;
  (3) a description of the geographic area comprising the proposed district, including a map that identifies the borders of the proposed district;
  (4) a compilation and explanation of the population demographics included within the proposed district, including the number of residents and the percentage of the population that can be described as comprised of, for example, elderly (age 64 and over), disabled, non-English speaking, and identifiable racial, ethnic or other minorities;
  (5) a compilation and explanation of economic indicators pertinent to the proposed district, to the extent available, including per capita annual income, median household annual income, unemployment data, percentage of the population at or below the poverty level, and percentage of the population receiving public assistance within the proposed district;
  (6) a description of the type and nature of commercial businesses located in the proposed district, including the number and percentage of which constitute small business, as that term is defined by Government Code §2006.001(2);
  (7) a compilation and summary of significant business developments within the past three years, including corporate restructurings, plant closings, other business closings, and recent or proposed business openings or expansions;
  (8) the location, number, and proximity of sites where banking services are available in or near the proposed district, including branches of financial institutions and credit unions, and deposit-taking ATMs other than those located at branches;
  (9) a compilation and description of alternate providers in the proposed district;
  (10) a description of the anticipated impact that additional banking services would have on potential economic development within the proposed district.
(b) Optional information. An application for designation of a banking development district may also include:
  (1) a description of other local government and community initiatives proposed to be undertaken and coordinated with establishment of the proposed district;
  (2) indications of community support or opposition for the application, as evidenced by letters from entities such as local chambers of commerce, local businesses, community-based organizations, non-profit organizations, government officials, or community residents; and
  (3) such other information that the applicant believes will demonstrate that the proposed district meets the standards set forth in §6.5 of this title (relating to Criteria for Approval).

Source Note: The provisions of this §6.3 adopted to be effective November 5, 2015, 40 TexReg 7621