Texas § 15.204 QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS.

Texas Statutes

§ 15.204 — QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS.

Texas § 15.204

Code FIFinance Code

This text of Texas § 15.204 (QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 15.204 (2026).

Text

Sec. 15.204. QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS.

(a)Five commission members must be representatives of the public. A person is not eligible for appointment as a public member of the commission if the person or the person's spouse:

(1)is employed by or participates in managing or directing:

(A)a financial institution; or

(B)an organization, other than a financial institution, regulated by or receiving money from a financial institution regulatory agency;

(2)has, other than as a member or customer, a financial interest in:

(A)a financial institution; or

(B)an organization, other than a financial institution, regulated by or receiving money from a financial institution regulatory agency; or

(3)uses or receives a substantial amount of tangible goods, services, or money from th

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Sec. 15.204. QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS. (a) Five commission members must be representatives of the public. A person is not eligible for appointment as a public member of the commission if the person or the person's spouse:
(1) is employed by or participates in managing or directing:
(A) a financial institution; or
(B) an organization, other than a financial institution, regulated by or receiving money from a financial institution regulatory agency;
(2) has, other than as a member or customer, a financial interest in:
(A) a financial institution; or
(B) an organization, other than a financial institution, regulated by or receiving money from a financial institution regulatory agency; or
(3) uses or receives a substantial amount of tangible goods, services, or money from the department, other than compensation or reimbursement authorized by law for commission membership, attendance, or expenses.
(b) The governor shall appoint public commission members on the basis of recognized business ability.
(c) In this section, "financial institution" includes an institution such as a credit union, bank, savings bank, or savings and loan association.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.05(d), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 87, Sec. 1, eff. Sept. 1, 1999.