7 TAC §4.6
The Finance Commission of Texas (the commission) adopts an
amendment to §4.6 concerning exemptions from currency exchange, transportation,
and transmission licensing requirements. The proposed amendment eliminates
provisions rendered redundant by enactments of the 76th Legislature which
placed equivalent provisions in Chapter 153 of the Finance Code. The section
is adopted without changes to the proposed text as published in the December
29, 2000, issue of the
Texas Register
(25
TexReg 12877), and the text will not be republished.
The amendment neither adds nor eliminates a regulatory requirement. Rather,
certain rule provisions are deleted because they are now addressed by statute,
see amendments made to Finance Code, Chapter 153, by Act of May 29, 1999,
76th Legislature, Regular Session, chapter 356 (the Act).
The commission received no comments regarding the proposal.
The amendment is adopted pursuant to rule-making authority under
Finance Code, §153.002, which authorizes the commission to adopt rules
necessary to implement Finance Code, Chapter 153, including rules regarding
exemptions from the licensing requirements of Chapter 153.
Finance Code, Chapter 153, is affected by the adopted amendment.
This agency hereby certifies that the adoption has been reviewed
by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of
the Secretary of State on March 23, 2001.
TRD-200101676
Everette D. Jobe
Certifying Official
Finance Commission of Texas
Effective date: April 12, 2001
Proposal publication date: December 29, 2000
For further information, please call: (512) 475-1300