By: West S.R. No. 1026
SENATE RESOLUTION
1-1 BE IT RESOLVED by the Senate of the State of Texas, That Rule
1-2 12.03, Rules of the Senate, 73rd Legislature, is suspended, as
1-3 provided by Senate Rule 12.08, to the extent described in this
1-4 resolution, to enable the conference committee appointed to adjust
1-5 the differences between the House and Senate versions of H.B. No.
1-6 259, relating to the creation and administration of a linked
1-7 deposit program to encourage lending to historically underutilized
1-8 businesses and small businesses in distressed communities, to
1-9 successfully conclude the committee's deliberations, by authorizing
1-10 the conferees to consider and take action on the following specific
1-11 matter:
1-12 (1) Senate Rule 12.03(1) is suspended to permit the
1-13 committee to insert "or a historically underutilized business"
1-14 before the period in Section 481.191(1), Government Code.
1-15 This action is necessary to clarify that a historically
1-16 underutilized business may be an eligible borrower for purposes of
1-17 a loan under the linked deposit program.
1-18 (2) Senate Rule 12.03(1) is suspended to permit the
1-19 committee to strike "historically underutilized businesses and
1-20 small businesses in distressed communities" in Section 481.193(a),
1-21 Government Code, and substitute "small businesses in distressed
1-22 communities and historically underutilized businesses".
1-23 This action is necessary to clarify that a historically
1-24 underutilized business is not required to be located in a
2-1 distressed community to participate in the program.
2-2
2-3 President of the Senate
2-4 I hereby certify that the
2-5 above Resolution was adopted by
2-6 the Senate on May 25, 1993.
2-7
2-8 Secretary of the Senate
2-9
2-10 Member, Texas Senate