Texas § FI.15.204 - QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS
Full text of Texas The Texas Constitution § FI.15.204 — QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS, with citation guidance and answers to common questions.
§ FI.15.204. QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS
QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS. (a) Five commission members must be representatives of the public. A person is not eligible for appointment as a public member of the commission if the person or the person's spouse: (1) is employed by or participates in managing or directing: (A) a financial institution; or (B) an organization, other than a financial institution, regulated by or receiving money from a financial institution regulatory agency; (2) has, other than as a member or customer, a financial interest in: (A) a financial institution; or (B) an organization, other than a financial institution, regulated by or receiving money from a financial institution regulatory agency; or (3) uses or receives a substantial amount of tangible goods, services, or money from the department, other than compensation or reimbursement authorized by law for commission membership, attendance, or expenses. (b) The governor shall appoint public commission members on the basis of recognized business ability. (c) In this section, "financial institution" includes an institution such as a credit union, bank, savings bank, or savings and loan association. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.05(d), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 87, Sec. 1, eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.15.204
What does The Texas Constitution § FI.15.204 cover?
Section FI.15.204 ("QUALIFICATIONS OF PUBLIC COMMISSION MEMBERS") 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.15.204?
A common citation format is "The Texas Constitution § FI.15.204" (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.15.204 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.