The House Committee on Financial Institutions 
         77th Legislature 
         May 9, 2001 
         9:00 a.m. 
         Capitol Extension, E2.028 
          
         Pursuant to a suspension of the 5-day posting rule and  
         subsequent posting on May 8, 2001, the House Committee on  
         Financial Institutions met in a public hearing and was called to  
         order by the chair, Representative Averitt, at 9:29 a.m. 
          
         The roll was answered as follows: 
          
         Present:  Representatives Averitt; Solomons; Hopson; Menendez;  
                   Pitts (5). 
          
         Absent:   Representatives Denny; Grusendorf; Marchant; Wise (4). 
          
         A quorum was present. 
          
         SB 988 
          
         The chair laid out SB 988. 
          
         The chair recognized Representative Hill to explain the measure.  
          
         Testimony was taken.  (See attached witness list.) 
          
         The chair recognized Representative Hill to close on the  
         measure.  
          
         The bill was left pending without objection.  
          
         SB 1173 
          
         The chair laid out SB 1173. 
          
         The chair recognized Representative Hilderbran to explain the  
         measure.  
          
         Representative Pitts offered an amendment to the measure.  
          
         The amendment was adopted without objection. 
          
         Representative Menendez moved that SB 1173, as amended, 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 record vote:  
          
         Ayes:               Representatives Averitt; Solomons; Hopson;  
                             Menendez; Pitts (5).  
           
         Nays:               None (0).  
           
         Present, Not Voting:     None  (0).  
           
         Absent:        Representatives Denny; Grusendorf; Marchant; Wise   
                        (4).  
           
         SB 1798 
          
         The chair laid out SB 1798. 
          
         The chair recognized Representative Farabee to explain the  
         measure.  
          
         The chair recognized Representative Farabee to close on the  
         measure.  
          
         Representative Menendez moved that SB 1798, without amendments,  
         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 record vote:  
          
         Ayes:               Representatives Averitt; Solomons; Hopson;  
                             Menendez; Pitts (5).  
           
         Nays:               None (0).  
           
         Present, Not Voting:     None  (0).  
           
         Absent:        Representatives Denny; Grusendorf; Marchant; Wise   
                        (4).  
           
         SB 1759 
          
         The chair laid out SB 1759. 
          
         The chair recognized Representative Capelo to explain the  
         measure.  
          
         The chair recognized Representative Capelo to close on the  
         measure.  
          
         Representative Solomons moved that SB 1759, without amendments,  
         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 record vote:  
          
         Ayes:               Representatives Averitt; Solomons; Hopson;  
                             Menendez; Pitts (5).  
           
         Nays:               None (0).  
           
         Present, Not Voting:     None  (0).  
           
         Absent:        Representatives Denny; Grusendorf; Marchant; Wise   
                
                        (4).  
           
         SB 1485 
          
         The chair laid out SB 1485. 
          
         The chair explained the measure.  
          
         Representative Menendez moved that SB 1485, without amendments,  
         be reported favorably to the full house with the recommendation  
         that it do pass and be printed. The motion prevailed by the  
         following record vote:  
          
         Ayes:               Representatives Averitt; Solomons; Hopson;  
                             Menendez; Pitts (5).  
           
         Nays:               None (0).  
           
         Present, Not Voting:     None  (0).  
           
         Absent:        Representatives Denny; Grusendorf; Marchant; Wise   
                        (4).  
           
         SB 1611 
          
         The chair laid out SB 1611. 
          
         Representative Menendez offered a complete committee substitute. 
          
         The chair recognized Representative Gallego to explain the  
         measure.  
          
         The committee substitute was withdrawn without objection. 
          
         The bill was left pending without objection.  
          
         At 9:59 a.m., on the motion of the chair and without objection,  
         the meeting was adjourned subject to the call of the chair. 
          
         ________________________ 
         Rep. Averitt, Chair 
          
         ________________________ 
         Bryan McMath, Clerk