Texas Finance Code 14.105 – Gifts and Grants
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(a) The commissioner may accept money, gifts, or grants on behalf of the state for a purpose related to a consumer credit educational opportunity or to assist a local government in the exercise of its police power unless the acceptance is prohibited by Subsection (b) or other law. Acceptance and use of money under this subsection must be approved by the finance commission.
(b) The commissioner may not accept or use money offered by:
(1) a person for investigating or prosecuting a matter; or
(2) a person who is affiliated with an industry that is regulated by the finance commission.
Terms Used In Texas Finance Code 14.105
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) Money received under Subsection (a) may be appropriated only for the purpose for which the money was given.
(d) The commissioner is not prohibited by Subsection (b) from receiving and using money from a person under the jurisdiction of the commissioner if the receipt and use is expressly authorized by other law.