Adopted Admendments 7 TAC 5.101

Title 7. Banking and Securities
Part 1. Finance Commission of Texas
Chapter 5. Administration of Finance Agencies
7 TAC §5.101

The Finance Commission of Texas (the commission), on behalf of the Texas Department of Banking (the department), adopts new §5.101, concerning education and training of employees of the Texas Department of Banking, the Texas Department of Savings and Mortgage Lending, and the Office of Consumer Credit Commissioner (collectively, "finance agencies,") without changes to the proposed text as published in the August 29, 2014, issue of the Texas Register (39 TexReg 6771) and will not be republished.

The new rule is adopted to implement Texas Government Code, §656.048 on providing assistance for education and training of finance agency employees under certain conditions.

The new rule is adopted under Government Code, §656.048, which requires state agencies to adopt rules relating to the eligibility of the agency's administrators and employees for training and education supported by the agency; and the obligations assumed by the administrators and employees on receiving the training and education.

The Department received no comments regarding the proposed rule.

§5.101. Employee Training and Education Assistance Programs.
 

(a) For purposes of this rule, "finance agencies" means the Texas Department of Banking, the Texas Department of Savings and Mortgage Lending, and the Office of Consumer Credit Commissioner. Pursuant to the State Employees Training Act, Chapter 656, Subchapter C of the Texas Government Code, it is the policy and practice of the finance agencies to encourage employees’ professional development through training and education programs sponsored or supported by the finance agencies.
 

(b) The finance agencies may provide assistance for education and training that will enhance an employee’s ability to perform current or prospective job duties and will benefit both the respective finance agency and the employee.
 

(c) Approval to participate in a training or education program is not automatic and is subject to eligibility of individual employees as established in the respective finance agency’s policy, and the availability of funds within the respective finance agency’s budget.
 

(d) The employee training and education program for the finance agencies may include one or more of the following:

(1) agency-sponsored training provided in-house or by contract;

(2) seminars and conferences;

(3) technical or professional certifications and licenses; or

(4) reimbursement for tuition, fees and required course materials.
 

(e) The finance agencies will develop and maintain policies for administering the employee training and education program of each respective finance agency. These policies will include:

(1) eligibility requirements for participation;

(2) designation of appropriate level of approval for participation; and

(3) obligations of program participants.
 

(f) Approval to participate in any portion of a finance agency’s training and education program will not in any way affect an employee’s at-will status.

 

This agency hereby certifies that the adoption has been reviewed by legal counsel and found to be a valid exercise of the agency’s legal authority.

Filed with the Office of the Secretary of State on October 17, 2014.

Effective Date: November 6, 2014 (39 TexReg 8571)