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