House Committee on Financial Institutions
            75th Legislature
            March 3, 1997
            2:00 pm 
            Capitol Extension, E1.010
            
            Pursuant to a notice posted on February 26, 1997, the House 
            Committee on Financial Institutions met in a public hearing 
            and was called to order by the Chair, Representative Kenny 
            Marchant at 2:07 pm.
            
            The roll was answered as follows:  
            
            Present:  Representatives Marchant; Ehrhardt; Giddings; 
                      Grusendorf; Patterson, L.P. "Pete"; Solomons (6).
            
            Absent:   Representatives Gutierrez; Elkins; Smith (3).
            
            A quorum was present.
            
            HB 1617
            
            The chair laid out HB 1617.  
            
            The chair recognized Representative Hill to explain the 
            measure.  
            
            (Representative Elkins now present.)  
            
            (Representative Smith now present.)  
            
            Testimony was taken.  
            
            The chair recognized Representative Hill to close on the 
            measure.  
            
            The bill was left pending without objection. 
            
            HB 594
            
            The chair laid out HB 594.  
            
            The chair recognized Representative Thompson to explain the 
            measure.  
            
            Testimony was taken.  
            
            The chair recognized Representative Thompson to close on 
            the measure.  
            
            The chair referred the bill to the Subcommittee on HB 594.
            The chair named the following members to the Subcommittee 
            on HB 594:  Representative Giddings, Chair, Representatives 
            Ehrhardt and Elkins. 
            
            HB 453
            The chair laid out HB 453.  
 
            


            
            The chair recognized Representative Eiland to explain the 
            measure.  
            
            Testimony was taken.  
            
            The chair recognized Representative Eiland to close on the 
            measure.  
            
            (Representative Grusendorf now absent.)  
            
            The bill was left pending without objection. 
            
            HB 1277
            
            The chair laid out HB 1277.  
            
            The chair recognized Representative Eiland to explain the 
            measure.  
            
            Testimony was taken.  
            
            The chair recognized Representative Eiland to close on the 
            measure.  
            
            The chair referred the bill to the Subcommittee on HB 1277.
            
            The chair named the following members to the Subcommittee 
            on HB 1277:  Representative Smith, Chair, Representatives 
            Ehrhardt and Solomons. 
            
            HB 876
            
            The chair laid out HB 876.  
            
            The chair recognized Representative Naishtat to explain the 
            measure.  
            
            Representative Elkins offered an amendment to the measure.  
            
            The amendment was adopted without objection.  
            
            Representative Ehrhardt moved that HB 876, as amended, be 
            reported favorably to the full house with the 
            recommendation that it do pass and be printed and be sent 
            to the Committee on Local and Consent Calendars.  The 
            motion prevailed by the following vote:  
            
            Ayes:     Representatives Marchant; Ehrhardt; Elkins; 
                      Giddings; Patterson, L.P. "Pete"; Smith; Solomons 
                      (7).
            
            Nays:     None (0).
            
            Present not Voting: None (0).
            
            Absent:   Representatives Gutierrez; Grusendorf (2).
 
            


            
            HB 1560
            
            The chair laid out HB 1560.  
            
            The chair recognized Representative Smith to explain the 
            measure.  
            
            Testimony was taken.  
            
            The chair recognized Representative Smith to close on the 
            measure.  
            
            (Representative Grusendorf now present.)  
            
            The bill was left pending without objection. 
            
            HB 799
            
            The chair laid out HB 799 as pending business.  
            
            The chair recognized Representative Elkins to explain the 
            measure.  
            
            Representative Elkins offered a complete committee 
            substitute.  
            
            The committee substitute was adopted without objection.
            
            Representative Smith moved that HB 799, as substituted, be 
            reported favorably to the full house with the 
            recommendation that it do pass and be printed and be sent 
            to the Committee on Local and Consent Calendars.  The 
            motion prevailed by the following vote:  
            
            Ayes:     Representatives Marchant; Ehrhardt; Elkins; 
                      Giddings; Grusendorf; Patterson, L.P. "Pete"; 
                      Smith; Solomons (8).
            
            Nays:     None (0).
            
            Present not Voting: None (0).
            
            Absent:   Representative Gutierrez (1).
            
            HB 1077
            
            The chair laid out HB 1077 as pending business.  
            
            Representative Grusendorf offered a complete committee 
            substitute.  
            
            The committee substitute was adopted without objection.
            
            Representative Elkins moved that HB 1077, as substituted, 
            be reported favorably to the full house with the 
            recommendation that it do pass and be printed.  The motion 
 
            


            prevailed by the following vote:  
            
            Ayes:     Representatives Marchant; Ehrhardt; Elkins; 
                      Giddings; Grusendorf; Patterson, L.P. "Pete"; 
                      Smith; Solomons (8).
            
            Nays:     None (0).
            
            Present not Voting: None (0).
            
            Absent:   Representative Gutierrez (1).
            
            HB 1266
            
            The chair laid out HB 1266 as pending business.  
            
            Representative Elkins offered a complete committee 
            substitute.  
            
            The committee substitute was adopted without objection.
            
            Representative Elkins moved that HB 1266, as substituted, 
            be reported favorably to the full house with the 
            recommendation that it do pass and be printed.  The motion 
            prevailed by the following vote:  
            
            Ayes:     Representatives Marchant; Ehrhardt; Elkins; 
                      Giddings; Grusendorf; Patterson, L.P. "Pete"; 
                      Smith; Solomons (8).
            
            Nays:     None (0).
            
            Present not Voting: None (0).
            
            Absent:   Representative Gutierrez (1).
            
            HB 1375
            
            The chair laid out HB 1375 as pending business.  
            
            Representative Grusendorf offered a complete committee 
            substitute.  
            
            The committee substitute was adopted without objection.
            
            Representative Elkins moved that HB 1375, as substituted, 
            be reported favorably to the full house with the 
            recommendation that it do pass and be printed and be sent 
            to the Committee on Local and Consent Calendars.  The 
            motion prevailed by the following vote:  
            
            Ayes:     Representatives Marchant; Ehrhardt; Elkins; 
                      Giddings; Grusendorf; Patterson, L.P. "Pete"; 
                      Smith; Solomons (8).
            
            Nays:     None (0).
            
 
            


            Present not Voting: None (0).
            
            Absent:   Representative Gutierrez (1).
            
            At 5:25 pm, on the motion of the chair and without 
            objection, the meeting was adjourned subject to the call of 
            the chair.  
            
            
            
            
            ______________________
            Rep. Kenny Marchant, Chair
            
            
            
            ______________________