TITLE 7.BANKING AND SECURITIES

Part 7. STATE SECURITIES BOARD

Chapter 101. GENERAL ADMINISTRATION

7 TAC §101.5

The Texas State Securities Board proposes an amendment to §101.5, concerning charges for copies of public records. The proposal would amend the rule to reflect the relocation of state copy charges rules from the Texas Building and Procurement Commission to the Office of the Attorney General. The duties and administrative rulemaking authority under the public information law, Chapter 552, Texas Government Code, were transferred to the Office of the Attorney General through enactment of Senate Bill 452 and Senate Bill 727, 79th Legislature, 2005. The action of the Office of the Attorney General formally adopting the copy charges rules was published in the September 29, 2006, issue of the Texas Register (31 TexReg 8251).

Carla James, Director, Staff Services Division, and David Weaver, General Counsel, have determined that, for the first five-year period the rule is in effect, there will be no foreseeable fiscal implications for state or local government as a result of enforcing or administering the rule.

Ms. James and Mr. Weaver also have determined that, for each year of the first five years the rule is in effect, the public benefit anticipated as a result of enforcing the rule will be that the location of the state copy charges rules will be accurately referenced. There will be no effect on micro or small businesses. There is no anticipated economic cost to persons who are required to comply with the rule as proposed. There is no anticipated impact on local employment.

Comments on the proposal to be considered by the Board should be submitted in writing within 30 days after publication of the proposed section in the Texas Register . Comments should be sent to David Weaver, State Securities Board, P.O. Box 13167, Austin, Texas 78711-3167, or sent by facsimile to (512) 305-8310.

Statutory authority: Texas Civil Statutes, Article 581-28-1. Section 28-1 provides the Board with the authority to adopt rules and regulations necessary to carry out and implement the provisions of the Texas Securities Act, including rules and regulations governing registration statements and applications; defining terms; classifying securities, persons, and matters within its jurisdiction; and prescribing different requirements for different classes.

Cross-reference to Statute: Texas Government Code, §552.262.

Statutes and codes affected: none.

§101.5.Charges for Copies of Public Records.

(a) The cost to any person requesting copies of any public record of the State Securities Board pursuant to the open records provisions of the Texas Government Code, Title 5, Chapter 552, will be the applicable charge established by the Office of the Attorney General in Title 1, Part 3, Chapter 70, [ Texas Building and Procurement Commission in Title 1, Part 5, Chapter 111, Subchapter C, ] of the Texas Administrative Code, which is reflected in Form 133.2.

(b) (No change.)

This agency hereby certifies that the proposal has been reviewed by legal counsel and found to be within the agency's legal authority to adopt.

Filed with the Office of the Secretary of State on December 18, 2006.

TRD-200606798

Denise Voigt Crawford

Securities Commissioner

State Securities Board

Earliest possible date of adoption: February 4, 2007

For further information, please call: (512) 305-8303