BILL ANALYSIS H.B. 841 By: Denny 4-19-95 Committee Report (Unamended) BACKGROUND The current definition of "bank" in the Local Government Code, Sec. 117.001 includes a banking corporation or association, or an individual banker, but does not include a state or federal savings and loan association or savings bank. PURPOSE The purpose of H.B. 841 is to include under the definition of "bank" in the local government code, a state or federal savings and loan association or savings bank. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 117.001, Local Government Code, to include in the definition of bank, a state or federal savings and loan association or savings bank. SECTION 2. EFFECTIVE DATE: SEPTEMBER 1, 1995. SECTION 3. EMERGENCY CLAUSE. SUMMARY OF COMMITTEE ACTION HB 841 was considered by the County Affairs Committee in a public hearing on 4/19/95. Representative Denny opened. James Wells, representing himself, testified for HB 841. Representative Denny closed. HB 841 was reported favorably with the recommendation that it do pass and be printed and be sent to the Committee on Local and Consent Calendars, by the record vote of 7 ayes, 0 nays, 0 pnv, 2 absent.