**CORRECTED MINUTES** 
          
         Pursuant to a motion made by the Chair and authorized by  
         record vote in a formal meeting on April 28, 1997, the  
         following are the corrected minutes for the House Committee on  
         Financial Institutions' public hearing on March 24, 1997. 
          
         House Committee on Financial Institutions 
         75th Legislature 
         March 24, 1997 
         2:00 pm  
         Capitol Extension, E2.026 
          
         Pursuant to a notice posted on March 19, 1997, the House  
         Committee on Financial Institutions met in a public hearing  
         and was called to order by the Chair, Representative Kenny  
         Marchant at 2:11 pm. 
          
         The roll was answered as follows:   
          
         Present:  Representatives Marchant; Ehrhardt; Giddings;  
                   Grusendorf; Patterson, L.P. "Pete"; Smith; Solomons  
                   (7). 
          
         Absent:   Representatives Gutierrez; Elkins (2). 
          
         A quorum was present. 
          
         HB 594 
          
         The chair recalled HB 594 from subcommittee.   
          
         Representative Giddings offered a complete committee  
         substitute.   
          
         The committee substitute was adopted by the following record  
         vote: 
          
         Ayes:          Representatives Marchant; Ehrhardt; Giddings;  
                        Patterson, L.P. "Pete"; Smith; Solomons (6). 
          
         Nays:          Representative Grusendorf (1). 
          
         Present not Voting:      None (0). 
          
         Absent:        Representatives Gutierrez; Elkins (2). 
          
         Representative Giddings moved that HB 594, 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; Giddings;  
                
                        Grusendorf; Patterson, L.P. "Pete"; Smith;  
                        Solomons (7). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        Representatives Gutierrez; Elkins (2). 
          
         HB 1277 
          
         The chair recalled HB 1277 from subcommittee.   
          
         The chair recognized Representative Eiland to explain the  
         measure.   
          
         Testimony was taken.   
          
         Representative Marchant offered a complete committee  
         substitute.   
          
         The committee substitute was withdrawn. 
          
         Representative Marchant offered a complete committee  
         substitute.   
          
         The committee substitute was adopted without objection. 
          
         (Representative Elkins now present.)   
          
         (Representative Ehrhardt now absent.)   
          
         Representative Solomons moved that HB 1277, 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; Elkins; Giddings;  
                        Grusendorf; Patterson, L.P. "Pete"; Smith;  
                        Solomons (7). 
          
         Nays:          None (0). 
         Present not Voting:      None (0). 
          
         Absent:        Representatives Gutierrez; Ehrhardt (2). 
          
         (Representative Patterson, L.P. "Pete" in chair.)   
          
         (Representative Ehrhardt now present.)   
          
         HB 1843 
          
         The chair laid out HB 1843 as pending business.   
          
         Representative Grusendorf offered a complete committee  
         substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Elkins moved that HB 1843, 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 2351 
          
         The chair laid out HB 2351 as pending business.   
          
         Representative Marchant offered a complete committee  
         substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Ehrhardt moved that HB 2351, 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 1971 
          
         The chair laid out HB 1971 as pending business.   
          
         Representative Smith offered a complete committee substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Elkins moved that HB 1971, 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 1870 
          
         The chair laid out HB 1870 as pending business.   
          
         Representative Elkins offered a complete committee substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Smith moved that HB 1870, 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). 
          
         (Representative Marchant in chair.)   
          
         (Representative Gutierrez now present.)   
          
         HB 1188 & HJR 70 
          
         The chair recalled HB 1188 & HJR 70 from subcommittee.   
          
         The chair recognized Representative Danburg to explain the  
         measures.   
          
         Testimony was taken.   
          
         The chair recognized Representative Danburg to close on the  
         measures.   
          
         The bills were left pending without objection.  
          
         HB 295 & HJR 31 
          
         The chair recalled HB 295 & HJR 31 from subcommittee.   
          
         The chair recognized Representative Patterson, L.P. "Pete" to  
         explain the measures.   
          
         Testimony was taken.   
          
         The bills were left pending without objection.  
          
         HB 447 & HJR 44 
          
         The chair recalled HB 447 & HJR 44 from subcommittee.   
          
         The chair recognized Representative Wolens to explain the  
         measures.   
          
         Testimony was taken.   
          
         The bills were left pending without objection.  
          
         HB 742 & HJR 60 
          
         The chair recalled HB 742 & HJR 60 from subcommittee.   
          
         The chair recognized Representative Hochberg to explain the  
         measures.   
          
         Testimony was taken.   
          
         The bills were left pending without objection.  
          
         HJR 72 
          
         The chair recalled HJR 72 from subcommittee.   
          
         Testimony was taken.   
          
         The bill was left pending without objection.  
          
         At 10:46 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 
          
         ______________________ 
         Bryan McMath, Clerk