§ 13.002. SAVINGS AND LOAN COMMISSIONER. (a) The savings and loan commissioner is the chief executive officer of the Savings and Loan Department. The finance commission, by at least five affirmative votes, shall appoint the savings and loan commissioner. The savings and loan commissioner serves at the will of the finance commission and is subject to the finance commission's orders and direction. (b) The savings and loan commissioner must have not less than seven years' experience in the executive management of a savings association or savings bank or in savings association or savings bank supervision. (c) The finance commission shall set the compensation of the savings and loan commissioner. The compensation shall be paid from money of the Savings and Loan Department. Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, § 15, eff. Sept. 1, 2001.

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Last modified: August 10, 2007