House Committee on Financial Institutions 
         76th Legislature 
         April 12, 1999 
         3:00 pm  
         Capitol Extension, E2.012 
          
         Pursuant to a notice posted on April 7, 1999, the House  
         Committee on Financial Institutions met in a public hearing  
         and was called to order by the Chair, Representative Kip  
         Averitt at 3:10 pm. 
          
         The roll was answered as follows:   
          
         Present:  Representatives Averitt; Solomons; Denny;  
                   Grusendorf; Pitts; Solis, Juan (6). 
          
         Absent:   Representatives Ehrhardt; Elkins; Marchant (3). 
          
         A quorum was present. 
          
         The chair directed that the March 29, 1999 minutes for the  
         House Committee on Financial Institutions be corrected.  The  
         corrected minutes were authorized without objection. 
          
         (Representatives Ehrhardt; Elkins; and Marchant now present.)   
          
         HB 391 
          
         The chair laid out HB 391 as pending business.   
          
         The chair referred the bill to the Subcommittee on HB 391 & HB  
         562. 
          
         HB 562 
          
         The chair laid out HB 562 as pending business.   
          
         The chair referred the bill to the Subcommittee on HB 391 & HB  
         562. 
          
         The chair named the following members to the Subcommittee on  
         HB 391 & HB 562:  Representative Ehrhardt, Chair,  
         Representatives Marchant and Solis, Juan.  
          
         HB 814 
          
         The chair laid out HB 814 as pending business.   
          
         Representative Averitt offered a complete committee  
         substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Solis, Juan moved that HB 814, 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 Averitt; Solomons; Denny;  
                        Ehrhardt; Grusendorf; Marchant; Pitts; Solis,  
                        Juan (8). 
          
         Nays:          None (0). 
          
         Present not Voting:      Representative Elkins (1). 
          
         Absent:        None (0). 
          
         HB 2068 
          
         The chair laid out HB 2068 as pending business.   
          
         The chair recognized Representative Marchant to explain the  
         measure.   
          
         Representative Grusendorf moved that HB 2068 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 Averitt; Solomons; Denny;  
                        Ehrhardt; Elkins; Grusendorf; Marchant; Pitts;  
                        Solis, Juan (9). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        None (0). 
          
         HB 2223 
          
         The chair laid out HB 2223 as pending business.   
          
         Representative Solis, Juan moved that HB 2223 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 Averitt; Solomons; Denny;  
                        Ehrhardt; Elkins; Grusendorf; Marchant; Pitts;  
                        Solis, Juan (9). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        None (0). 
  
         HB 3240 
          
         The chair laid out HB 3240 as pending business.   
          
         Representative Marchant offered a complete committee  
         substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Elkins moved that HB 3240, 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 Averitt; Solomons; Denny;  
                        Ehrhardt; Elkins; Grusendorf; Marchant; Pitts;  
                        Solis, Juan (9). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        None (0). 
          
         HB 3511 
          
         The chair laid out HB 3511 as pending business.   
          
         Representative Grusendorf moved that HB 3511 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 Averitt; Solomons; Denny;  
                        Ehrhardt; Elkins; Grusendorf; Marchant; Pitts;  
                        Solis, Juan (9). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        None (0). 
          
         HB 3072 
          
         The chair laid out HB 3072 as pending business.   
          
         Representative Averitt offered an amendment to the measure.   
          
         The amendment was adopted without objection.   
          
         Representative Denny moved that HB 3072, as amended, 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 Averitt; Solomons; Denny;  
                        Ehrhardt; Elkins; Grusendorf; Marchant; Pitts;  
                        Solis, Juan (9). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        None (0). 
          
         HB 2235 
          
         The chair laid out HB 2235 as pending business.   
          
         Representative Averitt offered a complete committee  
         substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Marchant moved that HB 2235, 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 Averitt; Solomons; Denny;  
                        Ehrhardt; Elkins; Grusendorf; Marchant; Pitts;  
                        Solis, Juan (9). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        None (0). 
          
         HB 3515 
          
         The chair laid out HB 3515 as pending business.   
          
         Representative Marchant offered a complete committee  
         substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Elkins moved that HB 3515, 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 Averitt; Solomons; Denny;  
                        Ehrhardt; Elkins; Grusendorf; Marchant; Pitts;  
                        Solis, Juan (9). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        None (0). 
          
         HB 2800 
          
         The chair laid out HB 2800.   
          
         The chair recognized Representative Driver to explain the  
         measure.   
          
         The chair recognized Representative Driver to close on the  
         measure.   
          
         The bill was left pending without objection.  
          
         HB 1510 
         The chair laid out HB 1510.   
          
         The chair recognized Representative Marchant to explain the  
         measure.   
          
         Representative Marchant offered a complete committee  
         substitute.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The committee substitute was withdrawn. 
          
         The bill was left pending without objection.  
          
         HB 2101 
          
         The chair laid out HB 2101.   
          
         The chair recognized Representative Pitts to explain the  
         measure.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Pitts to close on the  
         measure.   
          
         The bill was left pending without objection.  
          
         HB 3044 & HJR 83  
          
         The chair laid out HB 3044 and HJR 83.   
          
         The chair recognized Representative Hunter to explain the  
         measures.   
          
         Testimony was taken.  (See attached witness list.) 
  
         The chair recognized Representative Hunter to close on the  
         measures.   
          
         The bills were left pending without objection.  
          
         HB 1299 & HJR 46 
          
         The chair laid out HB 1299 and HJR 46.   
          
         The chair recognized Representative Yarbrough  to explain the  
         measures.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Yarbrough  to close on the  
         measures.   
          
         The bills were left pending without objection.  
          
         HB 763 & HJR 37 
          
         The chair laid out HB 763 and HJR 37.   
          
         The chair recognized Representative Dutton to explain the  
         measures.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The bills were left pending without objection.  
          
         HB 2338 
          
         The chair laid out HB 2338.   
          
         The chair recognized Representative Ehrhardt to explain the  
         measure.   
          
         Representative Averitt offered a complete committee  
         substitute.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Ehrhardt to close on the  
         measure.   
          
         The committee substitute was withdrawn. 
          
         The bill was left pending without objection.  
          
         HB 2743 
          
         The chair laid out HB 2743.   
          
         The chair recognized Representative Wise to explain the  
  
         measure.   
          
         Representative Elkins offered a complete committee substitute.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Wise to close on the  
         measure.   
          
         The committee substitute was withdrawn. 
          
         The bill was left pending without objection.  
          
         HB 2745 
          
         The chair laid out HB 2745.   
          
         The chair recognized Representative Wise to explain the  
         measure.   
          
         Representative Solomons offered a complete committee  
         substitute.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Wise to close on the  
         measure.   
          
         The committee substitute was withdrawn. 
          
         The bill was left pending without objection.  
          
         HB 1830 
          
         The chair laid out HB 1830.   
          
         The chair recognized Representative Elkins to explain the  
         measure.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Elkins to close on the  
         measure.   
          
         The bill was left pending without objection.  
          
         HB 2337 
          
         The chair laid out HB 2337.   
         The chair recognized Representative Ehrhardt to explain the  
         measure.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Ehrhardt to close on the  
  
         measure.   
          
         The bill was left pending without objection.  
          
         SJR15 
          
         The chair laid out SJR15.   
          
         The chair recognized Representative Pitts to explain the  
         measure.   
          
         Representative Pitts offered a complete committee substitute.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Pitts to close on the  
         measure.   
          
         The committee substitute was withdrawn. 
          
         The bill was left pending without objection.  
          
         At 7:46 pm, on the motion of the chair and without objection,  
         the meeting was adjourned subject to the call of the chair.   
          
         ______________________ 
         Rep. Kip Averitt, Chair 
          
         ______________________ 
         Bryan McMath, Clerk