| (a) Finance commission and Office of Consumer Credit
Commissioner (OCCC). The finance commission administers all aspects
of TFEE, including the grant program, gifts, donations, funding and
policy decisions. The OCCC is responsible for collection of assessment
fees, disbursement and tracking of TFEE funds, and maintaining financial
records of revenue, expenditures, and reconciliation of funds. The
Consumer Credit Commissioner (commissioner) or the commissioner's
designee serves as the investment officer appointed by the finance
commission to maintain compliance, accept gifts and donations, and
invest TFEE funds. The commissioner may designate a person to execute
grant agreements.
(b) Grant Advisory Committee (GAC) and grant coordinator.
The GAC serves in an advisory role and makes program recommendations
to the grant coordinator and finance commission audit committee regarding
TFEE administration. The grant coordinator serves under the direction
of the commissioner, provides information regarding grant activity
to the GAC and finance commission, and serves as the liaison between
grantees and the GAC.
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