House Committee on Financial Institutions 
         76th Legislature 
         April 19, 1999 
         3:00 pm  
         Capitol Extension, E2.012 
          
         Pursuant to a notice posted on April 14, 1999, the House  
         Committee on Financial Institutions met in a public hearing  
         and was called to order by the Chair, Representative Kip  
         Averitt at 4:30 pm. 
          
         The roll was answered as follows:   
          
         Present:  Representatives Averitt; Solomons; Denny; Elkins;  
                   Grusendorf; Marchant; Solis, Juan (7). 
          
         Absent:   Representatives Ehrhardt; Pitts (2). 
          
         A quorum was present. 
          
         SB 1555 
          
         The chair laid out SB 1555.   
          
         Representative Solis, Juan moved that SB 1555 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; Elkins;  
                        Grusendorf; Marchant; Solis, Juan (6). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        Representatives Denny; Ehrhardt; Pitts (3). 
          
         SB 184 
          
         The chair laid out SB 184.   
          
         Representative Averitt offered a complete committee  
         substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Solis, Juan moved that SB 184, 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; Elkins;  
                        Grusendorf; Marchant; Solis, Juan (6). 
          
         Nays:          None (0). 
  
         Present not Voting:      None (0). 
          
         Absent:        Representatives Denny; Ehrhardt; Pitts (3). 
          
         SJR 16 
          
         The chair laid out SJR 16.   
          
         Representative Averitt offered a complete committee  
         substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Solis, Juan moved that SJR 16, 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; Elkins;  
                        Grusendorf; Marchant; Solis, Juan (6). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        Representatives Denny; Ehrhardt; Pitts (3). 
          
         HB 2800 
          
         The chair laid out HB 2800 as pending business.   
          
         Representative Marchant moved that HB 2800 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; Elkins;  
                        Grusendorf; Marchant; Solis, Juan (6). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        Representatives Denny; Ehrhardt; Pitts (3). 
          
         HB 2305 
          
         The chair laid out HB 2305.   
          
         The chair recognized Representative Maxey to explain the  
         measure.   
          
         (Representatives Ehrhardt and Pitts now present.)   
  
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Maxey to close on the  
         measure.   
          
         The bill was left pending without objection.  
          
         SB 496 
          
         The chair laid out SB 496, the companion to HB 1221, in lieu  
         of the house measure.  HB 1221 was previously left pending in  
         committee.   
          
         The chair recognized Representative Brimer to explain the  
         measure.   
          
         Representative Elkins moved that SB 496 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; Ehrhardt;  
                        Elkins; Pitts; Solis, Juan (6). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        Representatives Denny; Grusendorf; Marchant  
                        (3). 
          
         SJR 22 
          
         The chair laid out SJR 22, the companion to HJR 43, in lieu of  
         the house measure.  HJR 43 was previously left pending in  
         committee.   
          
         The chair recognized Representative Brimer to explain the  
         measure.   
          
         Representative Elkins moved that SJR 22 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; Ehrhardt;  
                        Elkins; Pitts; Solis, Juan (6). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        Representatives Denny; Grusendorf; Marchant  
                        (3). 
          
         HB 3224 
  
         The chair laid out HB 3224.   
          
         The chair recognized Representative Capelo to explain the  
         measure.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Capelo to close on the  
         measure.   
          
         The bill was left pending without objection.  
          
         HB 2676 
          
         The chair laid out HB 2676.   
          
         The chair recognized Representative Keel to explain the  
         measure.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Keel to close on the  
         measure.   
          
         The bill was left pending without objection.  
          
         SJR 37 
          
         The chair laid out SJR 37, the companion to HJR 76, in lieu of  
         the house measure.   
          
         The chair recognized Representative Staples to explain the  
         measure.   
          
         The chair recognized Representative Staples to close on the  
         measure.   
          
         The bill was left pending without objection.  
          
         HB 3714 
          
         The chair laid out HB 3714.   
          
         The chair recognized Representative Shields to explain the  
         measure.   
          
         Representative Averitt offered a complete committee  
         substitute.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Shields to close on the  
         measure.   
          
         The committee substitute was withdrawn. 
          
         The bill was left pending without objection.  
          
         SB 172 
          
         The chair laid out SB 172.   
          
         The chair recognized Representative Solomons to explain the  
         measure.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Solomons to close on the  
         measure.   
          
         The bill was left pending without objection.  
          
         HB 3056 
         The chair laid out HB 3056.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The bill was left pending without objection.  
          
         HB 2101 
          
         The chair laid out HB 2101 as pending business.   
          
         The chair recognized Representative Pitts to explain the  
         measure.   
          
         Representative Pitts offered a complete committee substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Elkins moved that HB 2101, 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 Averitt; Solomons; Denny;  
                        Ehrhardt; Elkins; Grusendorf; Marchant; Pitts;  
                        Solis, Juan (9). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        None (0). 
          
         HB 2337 
          
         The chair laid out HB 2337 as pending business.   
  
         The chair recognized Representative Ehrhardt to explain the  
         measure.   
          
         Representative Marchant moved that HB 2337 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 2338 
          
         The chair laid out HB 2338 as pending business.   
          
         Representative Ehrhardt offered a complete committee  
         substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Solomons moved that HB 2338, 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 391 
          
         The chair recalled HB 391 from subcommittee.   
          
         Representative Ehrhardt offered a complete committee  
         substitute.   
          
         Testimony was taken.  (See attached witness list.) 
          
         The committee substitute was adopted by the following record  
         vote: 
  
         Ayes:          Representatives Averitt; Solomons; Ehrhardt;  
                        Marchant; Solis, Juan (5). 
         Nays:          Representatives Denny; Grusendorf; Pitts (3). 
          
         Present not Voting:      Representative Elkins (1). 
          
         Absent:        None (0). 
          
         The chair moved to reconsider the motion to adopt  the  
         committee substitute.  The motion to reconsider prevailed  
         without objection.  
          
         The committee substitute was withdrawn. 
          
         The bill was left pending without objection.  
          
         At 8:15 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