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