| (a) Authorized gifts and donations.
(1) TFEE purpose. Under Texas Finance Code, §393.628(d),
the finance commission may solicit gifts, grants, and donations that
fulfill the purpose of TFEE to support statewide financial education
and consumer credit building activities and programs in this state,
including the specific purposes provided by Texas Finance Code, §393.628(c).
(2) Consumer credit educational purpose. Under Texas
Finance Code, §14.105(a), the commissioner may accept gifts,
grants, and donations on behalf of the state for a purpose related
to a consumer credit educational opportunity, unless prohibited by
Texas Finance Code, §14.105(b) or other law. A consumer credit
educational opportunity is also considered to be a consumer credit
building activity under TFEE.
(3) From state agencies. Under Texas Finance Code,
§393.628(e), the finance commission may partner with other state
agencies to administer the TFEE fund, including the acceptance of
gifts and donations from other state agencies, for the purposes outlined
in paragraphs (1) and (2) of this subsection.
(4) From other parties. Gifts and donations from parties
other than state agencies must meet the same criteria required for
grantees eligible under §7.103(b) of this title (relating to
TFEE Grant Program).
(b) Finance commission approval. The finance commission
will approve any gift or donation to the TFEE fund.
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