Sec. 16.012. GIFTS

Latest version.

(a) Notwithstanding any other law, a financial regulatory agency may not accept a gift, grant, or donation:
(1) from a party to an enforcement action; or
(2) to pursue a specific investigation or enforcement action.
(b) A financial regulatory agency must:
(1) report each gift, grant, or donation that the agency receives as a separate item in the agency's report required under Section 16.005(b); and
(2) include with the report a statement indicating the purpose for which each gift, grant, or donation was donated and used.

Added by Acts 2009, 81st Leg., R.S., Ch. 1317 , Sec. 28(a), eff. September 1, 2009.

                    
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