Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 1 - FINANCE COMMISSION OF TEXAS
Chapter 6 - BANKING DEVELOPMENT DISTRICTS
Section 6.1 - Purpose; Scope
Universal Citation: 7 TX Admin Code ยง 6.1
Current through Reg. 49, No. 38; September 20, 2024
(a) This chapter implements Finance Code, Chapter 279, by providing application requirements for a municipality or county that seeks to establish a banking development district in conjunction with a financial institution.
(b) This chapter does not affect or circumvent:
(1) requirements under the Tax
Increment Financing Act or the Property Redevelopment and Tax Abatement Act
(Tax Code, Chapters 311 and 312, respectively), including requirements for
designation of an area as a municipal or county reinvestment zone or for
authorization to enter into a tax abatement agreement; or
(2) any required regulatory approval for a
financial institution that seeks to establish a branch in a banking development
district.
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