**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The committee substitute was withdrawn.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