81R10957 JE-F
By: Darby H.B. No. 3870
A BILL TO BE ENTITLED
AN ACT
relating to revenue and expenses of certain financial regulatory
agencies.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 12.105, Finance Code, is amended by
adding Subsections (a-1) and (a-2) and amending Subsection (b) to
read as follows:
(a-1) All money paid to the department shall be retained by
the department and deposited in a special fund created outside the
state treasury to be administered by the department and known as the
Department of Banking expense fund. No money paid to the department
may be paid into the state treasury. Money in the fund may be used
only for the administration of this chapter, Chapters 11 and 13, and
Subtitle A, Title 3, and to pay the expenses of the department.
(a-2) No expense incurred by the department may be charged
against the general revenue fund.
(b) The state auditor shall annually conduct an audit of the
receipts and expenditures of the department. The costs of an audit
of the department under Chapter 321, Government Code, shall be paid
to the state auditor from the money of the department.
SECTION 2. Subchapter B, Chapter 12, Finance Code, is
amended by adding Sections 12.1055 and 12.1056 to read as follows:
Sec. 12.1055. FISCAL YEAR. The department's fiscal year
begins on September 1 and ends on August 31.
Sec. 12.1056. BUDGET; REPORT. (a) The finance commission
shall adopt a budget annually using generally accepted accounting
principles that directs the purposes for which and prescribes the
amounts in which the fees and revenues of the department may be
expended.
(b) Not later than December 1 of each year, the finance
commission shall submit to the governor, lieutenant governor,
comptroller, and speaker of the house of representatives a report
showing the receipts and expenditures of the department for the
preceding fiscal year.
SECTION 3. Section 13.005(b), Finance Code, is amended to
read as follows:
(b) [Chapter 654, Government Code, applies to a position of
the Department of Savings and Mortgage Lending only if it is
classified in salary groups 1-10 under the General Appropriations
Act. The legislature in the General Appropriations Act may
determine the total amount appropriated to the Department of
Savings and Mortgage Lending but may not determine the number or
salaries of employees other than the positions specifically subject
to Chapter 654, Government Code, as provided by this section.] The
finance commission[, subject to the limits provided by this
section,] shall [otherwise] determine the number of employees of
the Department of Savings and Mortgage Lending and the salaries of
those employees. [The Department of Savings and Mortgage Lending
may use money appropriated to it for any purpose to pay the salaries
determined by the finance commission.]
SECTION 4. Section 13.008, Finance Code, is amended by
adding Subsections (a-1) and (a-2) and amending Subsections (b) and
(c) to read as follows:
(a-1) All money paid to the Department of Savings and
Mortgage Lending shall be retained by the Department of Savings and
Mortgage Lending and deposited in a special fund created outside
the state treasury to be administered by the Department of Savings
and Mortgage Lending and known as the Department of Savings and
Mortgage Lending expense fund. No money paid to the Department of
Savings and Mortgage Lending may be paid into the state treasury.
Money in the fund may be used only for:
(1) the administration of Subtitles B and C, Title 3,
and Chapters 156 and 157;
(2) the support of the finance commission as provided
by Subchapter C, Chapter 11; and
(3) to pay the expenses of the Department of Savings
and Mortgage Lending.
(a-2) No expense incurred by the Department of Savings and
Mortgage Lending may be charged against the general revenue fund.
(b) The savings and mortgage lending commissioner shall:
(1) collect all fees, penalties, charges, and revenue
required to be paid by state savings associations, [and] savings
banks, and persons regulated under Chapters 156 and 157; and
(2) periodically submit to the finance commission, as
directed by the finance commission, a complete report of the
receipts and expenditures of the Department of Savings and Mortgage
Lending.
(c) The state auditor shall annually conduct an audit of the
receipts and expenditures of the Department of Savings and Mortgage
Lending. The cost of an audit of the financial transactions of the
Department of Savings and Mortgage Lending under Chapter 321,
Government Code, shall be paid to the state auditor from the money
of the Department of Savings and Mortgage Lending.
SECTION 5. Chapter 13, Finance Code, is amended by adding
Sections 13.0085 and 13.0086 to read as follows:
Sec. 13.0085. FISCAL YEAR. The fiscal year of the
Department of Savings and Mortgage Lending begins on September 1
and ends on August 31.
Sec. 13.0086. BUDGET; REPORT. (a) The finance commission
shall adopt a budget annually using generally accepted accounting
principles that directs the purposes for which and prescribes the
amounts in which the fees and revenues of the Department of Savings
and Mortgage Lending may be expended.
(b) Not later than December 1 of each year, the finance
commission shall submit to the governor, lieutenant governor,
comptroller, and speaker of the house of representatives a report
showing the receipts and disbursements of the Department of Savings
and Mortgage Lending for the preceding fiscal year.
SECTION 6. Sections 14.053(a) and (c), Finance Code, are
amended to read as follows:
(a) Each officer and employee of the office is entitled to
compensation in an amount set by the finance commission. The
compensation shall be paid from the money of the office [Chapter
654, Government Code, applies to an office position only if the
position is classified in salary groups 1-10 under the state's
position classification plan in effect on January 1, 1989, or a
comparable position under a successor plan].
(c) The finance commission, subject to the limits provided
by this subchapter, shall determine the number of employees of the
office [in exempt positions] and the salaries of those employees.
SECTION 7. Subchapter B, Chapter 14, Finance Code, is
amended by adding Sections 14.0595, 14.0596, and 14.0605 to read as
follows:
Sec. 14.0595. FEES, REVENUE, AND EXPENSES. (a) All money
paid to the office shall be retained by the office and deposited in
a special fund created outside the state treasury to be
administered by the office and known as the Office of Consumer
Credit Commissioner expense fund. No money paid to the office may
be paid into the state treasury. Money in the fund may be used only
for the administration of this chapter, Subtitles B and C, Title 4,
and Chapter 394, and to pay the expenses of the office.
(b) No expense incurred by the office may be charged against
the general revenue fund.
Sec. 14.0596. FISCAL YEAR. The office's fiscal year begins
on September 1 and ends on August 31.
Sec. 14.0605. BUDGET; REPORT. (a) The finance commission
shall adopt a budget annually using generally accepted accounting
principles that directs the purposes for which and prescribes the
amounts in which the fees and revenues of the office may be
expended.
(b) Not later than December 1 of each year, the finance
commission shall submit to the governor, lieutenant governor,
comptroller, and speaker of the house of representatives a report
showing the receipts and disbursements of the office for the
preceding fiscal year.
SECTION 8. Section 14.061, Finance Code, is amended to read
as follows:
Sec. 14.061. [COST OF] AUDIT. (a) The state auditor shall
annually conduct an audit of the receipts and expenditures of the
office.
(b) The cost of an audit of the office under Chapter 321,
Government Code, shall be paid to the state auditor from the funds
of the office.
SECTION 9. The following provisions of the Finance Code are
repealed:
(1) Sections 12.103(a), (b), and (d);
(2) Sections 14.053(b), (d), and (e); and
(3) Section 14.060.
SECTION 10. This Act takes effect September 1, 2010.