Texas § FI.279.055 - DETERMINATION BY FINANCE COMMISSION

Full text of Texas The Texas Constitution § FI.279.055 — DETERMINATION BY FINANCE COMMISSION, with citation guidance and answers to common questions.

§ FI.279.055. DETERMINATION BY FINANCE COMMISSION

DETERMINATION BY FINANCE COMMISSION. (a) Not later than the 120th day after the date an application for the designation of a banking development district is submitted under Section 279.053 , the finance commission shall make a determination regarding whether to approve the application. (b) If the finance commission approves the application, the finance commission shall notify the: (1) local government; (2) financial institution; (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. SUBCHAPTER C. CREDIT UNION DEVELOPMENT DISTRICTS

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § FI.279.055

What does The Texas Constitution § FI.279.055 cover?

Section FI.279.055 ("DETERMINATION BY FINANCE COMMISSION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § FI.279.055?

A common citation format is "The Texas Constitution § FI.279.055" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § FI.279.055 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.