Sec. 58.015. ADMINISTRATION. (a) The commissioner with the assistance of the board shall administer the Texas Agricultural Finance Authority. The board shall reimburse the Department of Agriculture for expenses incurred as required by the business of the authority with the approval of the board.
(b) The commissioner may, with the approval of the board, appoint, employ, contract with, and provide for the compensation of employees, consultants, and agents including engineers, attorneys, management consultants, financial advisors, indexing agents, placement agents, and other experts as the business of the authority may require.
(c) The commissioner may, with the approval of the board, employ an administrator of the authority. The administrator may attend all meetings and participate, but not vote, in all proceedings of the authority.
Added by Acts 1987, 70th Leg., 2nd C.S., ch. 32, art. 2, Sec. 1. Amended by Acts 1995, 74th Leg., ch. 419, Sec. 5.12, eff. Sept. 1, 1995.
Structure Texas Statutes
Title 4 - Agricultural Organizations
Chapter 58 - Agricultural Finance Authority
Section 58.011. Creation of Authority; Public Purpose
Section 58.012. Board of Directors
Section 58.014. Meetings; Administrative Procedure
Section 58.015. Administration
Section 58.016. Fiscal Accounting of Administration
Section 58.017. Performance Measures
Section 58.0171. Review of Department Plans and Budget Request
Section 58.0172. Board Conflict of Interest
Section 58.0173. Removal of Board Member
Section 58.0174. Standards of Conduct
Section 58.0175. Separation of Responsibilities