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Texas Government Code - GOV'T § 2116.104. Rules

Current as of January 01, 2024 | Updated by Findlaw Staff

<Text of section effective May 1, 2027 >

The comptroller shall adopt rules as necessary or convenient to implement and administer this subchapter, including rules to:

(1) provide for the security of transactions in gold and silver specie and gold and silver currency and related information;

(2) determine the value of the gold and silver currency described by Section 2116.102 at the time of a transaction or in a commercially reasonable manner;

(3) establish a fee that is reasonable and necessary to administer this subchapter;

(4) authorize and approve vendors, including financial institutions, to provide an electronic system described by Section 2116.102;  and

(5) adopt policies and procedures to prevent:

(A) fraud;  and

(B) transactions in gold and silver specie or gold and silver currency involving a foreign adversary, or a person associated with a foreign adversary, as determined under 15 C.F.R. Section 791.4.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2116.104. Rules - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2116-104/

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