Texas § 2116.104 RULES.

Texas Statutes

§ 2116.104 — RULES.

Texas § 2116.104

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 2116.104 (2026).

Text

Text of section effective on May 01, 2027 Sec. 2116.104. RULES. The comptroller shall adopt rules as necessary or convenient to implement and administer this subchapter, including rules to:

(1)provide for the security of transactions in gold and silver specie and gold and silver currency and related information;

(2)determine the value of the gold and silver currency described by Section 2116.102 at the time of a transaction or in a commercially reasonable manner;

(3)establish a fee that is reasonable and necessary to administer this subchapter;

(4)authorize and approve vendors, including financial institutions, to provide an electronic system described by Section 2116.102 ; and

(5)adopt policies and procedures to prevent:

(A)fraud; and

(B)transactions in gold and silver specie or go

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Text of section effective on May 01, 2027
Sec. 2116.104. RULES. The comptroller shall adopt rules as necessary or convenient to implement and administer this subchapter, including rules to:
(1) provide for the security of transactions in gold and silver specie and gold and silver currency and related information;
(2) determine the value of the gold and silver currency described by Section 2116.102 at the time of a transaction or in a commercially reasonable manner;
(3) establish a fee that is reasonable and necessary to administer this subchapter;
(4) authorize and approve vendors, including financial institutions, to provide an electronic system described by Section 2116.102 ; and
(5) adopt policies and procedures to prevent:
(A) fraud; and
(B) transactions in gold and silver specie or gold and silver currency involving a foreign adversary, or a person associated with a foreign adversary, as determined under 15 C.F.R. Section 791.4.