Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 1 - FINANCE COMMISSION OF TEXAS
Chapter 9 - RULES OF PROCEDURE FOR CONTESTED CASE HEARINGS, APPEALS, AND RULEMAKINGS
Subchapter E - RULEMAKING
Section 9.83 - Agency Action on Petitions to Initiate Rulemaking Proceedings

(a) When the agency receives a rulemaking petition, the agency shall review it for compliance with the requirements of § 9.82 of this title (relating to Petitions To Initiate Rulemaking). If the petition is determined to comply, the agency shall notify the applicant that it has been accepted for filing and the petition will be processed in accord with Government Code, § 2001.021(c). If the petition is determined not to comply, the agency shall notify the applicant in writing of all deficiencies found and give the petitioner an opportunity to cure them by filing an amended petition. If no amended petition curing the deficiencies is filed with the agency by 5:00 p.m. on the 15th day following the date that the agency mailed a notice of deficiencies to the applicant, the petition shall be deemed denied for the reasons stated in the deficiency notice without the necessity of further action.

(b) If a petition is accepted for filing, within 60 days of the date that the petition was accepted for filing, the agency must either deny the petition for reasons stated in writing or initiate a rulemaking proceeding.