| 1 | | - | By: Landgraf (Senate Sponsor - Eltife) H.B. No. 3536 |
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| 2 | | - | (In the Senate - Received from the House April 20, 2015; |
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| 3 | | - | April 30, 2015, read first time and referred to Committee on |
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| 4 | | - | Business and Commerce; May 12, 2015, reported favorably by the |
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| 5 | | - | following vote: Yeas 7, Nays 0; May 12, 2015, sent to printer.) |
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| 6 | | - | Click here to see the committee vote |
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| 1 | + | H.B. No. 3536 |
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| 10 | 4 | | AN ACT |
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| 11 | 5 | | relating to the appointment of the commissioners of certain |
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| 12 | 6 | | financial regulatory agencies by the Finance Commission of Texas. |
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| 13 | 7 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 14 | 8 | | SECTION 1. Section 12.101(a), Finance Code, is amended to |
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| 15 | 9 | | read as follows: |
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| 16 | 10 | | (a) The banking commissioner is the chief executive officer |
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| 17 | 11 | | of the Texas Department of Banking. The finance commission[, by at |
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| 18 | 12 | | least five affirmative votes,] shall appoint the banking |
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| 19 | 13 | | commissioner. The banking commissioner serves at the will of the |
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| 20 | 14 | | finance commission and is subject to the finance commission's |
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| 21 | 15 | | orders and directions. |
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| 22 | 16 | | SECTION 2. Section 13.002(a), Finance Code, is amended to |
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| 23 | 17 | | read as follows: |
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| 24 | 18 | | (a) The savings and mortgage lending commissioner is the |
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| 25 | 19 | | chief executive officer of the Department of Savings and Mortgage |
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| 26 | 20 | | Lending. The finance commission[, by at least five affirmative |
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| 27 | 21 | | votes,] shall appoint the savings and mortgage lending |
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| 28 | 22 | | commissioner. The savings and mortgage lending commissioner |
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| 29 | 23 | | serves at the will of the finance commission and is subject to the |
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| 30 | 24 | | finance commission's orders and direction. |
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| 31 | 25 | | SECTION 3. (a) The change in law made by this Act to Section |
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| 32 | 26 | | 12.101(a), Finance Code, applies only to the appointment of the |
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| 33 | 27 | | banking commissioner on or after the effective date of this Act. A |
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| 34 | 28 | | banking commissioner appointed before the effective date of this |
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| 35 | 29 | | Act is governed by the law as it existed immediately before that |
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| 36 | 30 | | date, and that law is continued in effect for that purpose. |
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| 37 | 31 | | (b) The change in law made by this Act to Section 13.002(a), |
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| 38 | 32 | | Finance Code, applies only to the appointment of the savings and |
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| 39 | 33 | | mortgage lending commissioner on or after the effective date of |
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| 40 | 34 | | this Act. A savings and mortgage lending commissioner appointed |
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| 41 | 35 | | before the effective date of this Act is governed by the law as it |
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| 42 | 36 | | existed immediately before that date, and that law is continued in |
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| 43 | 37 | | effect for that purpose. |
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| 44 | 38 | | SECTION 4. This Act takes effect September 1, 2015. |
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| 45 | | - | * * * * * |
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| 39 | + | ______________________________ ______________________________ |
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| 40 | + | President of the Senate Speaker of the House |
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| 41 | + | I certify that H.B. No. 3536 was passed by the House on April |
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| 42 | + | 16, 2015, by the following vote: Yeas 141, Nays 0, 3 present, not |
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| 43 | + | voting. |
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| 44 | + | ______________________________ |
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| 45 | + | Chief Clerk of the House |
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| 46 | + | I certify that H.B. No. 3536 was passed by the Senate on May |
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| 47 | + | 20, 2015, by the following vote: Yeas 31, Nays 0. |
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| 48 | + | ______________________________ |
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| 49 | + | Secretary of the Senate |
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| 50 | + | APPROVED: _____________________ |
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| 51 | + | Date |
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| 52 | + | _____________________ |
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| 53 | + | Governor |
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