Sec. 16.012. GIFTS. (a) Notwithstanding any other law, a financial regulatory agency may not accept a gift, grant, or donation:
(1) from a party to an enforcement action; or
(2) to pursue a specific investigation or enforcement action.
(b) A financial regulatory agency must:
(1) report each gift, grant, or donation that the agency receives as a separate item in the agency's report required under Section 16.005(b); and
(2) include with the report a statement indicating the purpose for which each gift, grant, or donation was donated and used.
Added by Acts 2009, 81st Leg., R.S., Ch. 1317 (H.B. 2774), Sec. 28(a), eff. September 1, 2009.
Structure Texas Statutes
Title 2 - Financial Regulatory Agencies
Chapter 16 - Financial Regulatory Agencies: Self-Directed and Semi-Independent
Section 16.002. Self-Directed and Semi-Independent Status of Financial Regulatory Agencies
Section 16.003. Budget, Revenues, and Expenses
Section 16.005. Records; Reporting Requirements
Section 16.006. Ability to Contract
Section 16.009. Post-Participation Liability
Section 16.010. Due Process; Open Government