BILL ANALYSIS H.B. 841 By: Denny (Haywood) Intergovernmental Relations 05-17-95 Senate Committee Report (Unamended) BACKGROUND The current definition of "bank" in Section 117.001, Local Government Code, includes a banking corporation, association, or an individual banker, but does not include a state or federal savings and loan association or savings bank. PURPOSE As proposed, H.B. 841 amends the definition of "bank" in Section 117.001, Local Government Code, to include 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, as follows: Sec. 117.001. DEFINITION. Redefines "bank" to include a state or federal savings and loan association or savings bank, among other entities. SECTION 2. Effective date: September 1, 1995. SECTION 3. Emergency clause.