Sec. 279.105. DETERMINATION BY CREDIT UNION COMMISSION. (a) Not later than the 120th day after the date an application for the designation of a credit union development district is submitted under Section 279.103, the Credit Union Commission shall make a determination regarding whether to approve the application.
(b) If the Credit Union Commission approves the application, the Credit Union Commission shall notify the:
(1) local government;
(2) credit union;
(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.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses
Chapter 279 - Banking and Credit Union Development Districts
Subchapter C. Credit Union Development Districts
Section 279.101. Administration of Program
Section 279.103. Application for Designation of Credit Union Development District
Section 279.104. Application by Credit Union to Open Branch in District