House Committee on Financial Institutions 
         75th Legislature 
         April 1, 1997 
         2:00 pm  
         Capitol Extension, E2.010 
          
         Pursuant to a notice posted on March 27, 1997, the House  
         Committee on Financial Institutions met in a public hearing  
         and was called to order by the Chair, Representative Kenny  
         Marchant at 2:15 pm. 
          
         The roll was answered as follows:   
          
         Present:  Representatives Marchant; Gutierrez; Ehrhardt;  
                   Grusendorf; Patterson, L.P. "Pete" (5). 
          
         Absent:   Representatives Elkins; Giddings; Smith; Solomons  
                   (4). 
          
         A quorum was present. 
          
         (Representative Giddings now present.)   
          
         HB 3065 
          
         The chair laid out HB 3065.   
          
         The chair recognized Representative Tracy O. King to explain  
         the measure.   
          
         Representative Patterson, L.P. "Pete" offered a complete  
         committee substitute.   
          
         The committee substitute was adopted without objection. 
          
         Representative Patterson, L.P. "Pete" moved that HB 3065, 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 Marchant; Gutierrez; Ehrhardt;  
                        Giddings; Grusendorf; Patterson, L.P. "Pete"  
                        (6). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        Representatives Elkins; Smith; Solomons (3). 
          
         HB 1612 
          
         The chair laid out HB 1612.   
  
         (Representative Solomons now present.)   
          
         The chair recognized Representative Barry Telford to explain  
         the measure.   
          
         Testimony was taken.   
          
         Representative Grusendorf offered a complete committee  
         substitute.   
          
         The committee substitute was withdrawn. 
          
         The chair recognized Representative Telford to close on the  
         measure.   
          
         The bill was left pending without objection.  
          
         At 4:17 pm, on the motion of the chair and without objection,  
         the meeting was adjourned subject to the call of the chair.   
          
         ______________________ 
         Rep. Kenny Marchant, Chair 
          
         ______________________ 
         Bryan McMath, Clerk