Emergency Sections An agency may adopt a new or amended section or repeal an existing section on an emergency basis if it determines that such action is necessary for the public health, safety, or welfare of this state. The section may become effective immediately upon filing with the Texas Register, or on a stated date less than 20 days after filing, for no more than 120 days. The emergency action is renewable once for no more than 60 days. Symbology in amended emergency sections. New language added to an existing section is indicated by the use of bold text. [Brackets] indicate deletion of existing material within a section. TITLE 7. BANKING AND SECURITIES Part III. State Banking Board Chapter 31. Miscellaneous 7 TAC sec.31.5 The State Banking Board adopts on an emergency basis an amendment to sec.31. 5, concerning substitute members of the State Banking Board. The amendment to the rule names the deputy treasurer as the individual authorized to attend an official meeting of the board in the absence of the state treasurer. The amendment is adopted on an emergency basis in order to ensure that a quorum can always be present at emergency meetings of the board in situations where a bank has been closed and a meeting of the board is required to grant a new charter immediately. Accordingly, emergency adoption of the amendment to the rule is required in order to provide for the general welfare of the State of Texas and is not adopted for purposes of administrative ease. The amendment is adopted on an emergency basis under Texas Civil Statutes, Article 342-115 which provide that the board shall prescribe the deputy by name and title who is authorized to attend an official meeting of the board in the absence of the state treasurer. sec.31.5. Members of the Board. When either the state treasurer or commissioner is unable to personally attend an official meeting of the board, the respective first deputy of such member may appear and vote. The present first deputy to the state treasurer is John A. Bell, deputy treasurer
    [Paul J. Williams, deputy treasurer], and the present first deputy to the commissioner is Larry A. Chilton
      [Stephen Y. Scurlock, deputy banking commissioner], departmental examiner.
        Two such deputies may not sit as substitute members of the board at the same time. Issued in Austin, Texas, on October 18, 1991. TRD-9113000 Ann Graham General Counsel Texas Department of Banking Effective date: October 21, 1991 Expiration date: February 18, 1992 For further information, please call: (512) 475-1300