2017S0457-T 03/09/17
 
  By: Hancock S.B. No. 2204
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the administration of the certified capital company
  program by the office of the comptroller of public accounts.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Effective December 31, 2018, Chapter 228,
  Insurance Code, is repealed.
         SECTION 2.  The repeal by this Act of Chapter 228, Insurance
  Code, does not affect premium tax credits for certified capital
  invested under that chapter before the effective date of the repeal
  and the recapture of those credits.  Premium tax credits for
  certified capital invested before the effective date of the repeal
  and the recapture of those credits are governed by the law as it
  existed immediately before that date, and that law is continued in
  effect for that purpose.
         SECTION 3.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2017.