By Tillery H.B. No. 1082 74R4954 DWS-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to persons eligible to hold an auction on behalf of the 1-3 state, state agencies, and certain state financial institutions. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. An auction held in this state must be conducted 1-6 by an auctioneer licensed under Chapter 320, Acts of the 64th 1-7 Legislature, 1975 (Article 8700, Vernon's Texas Civil Statutes), 1-8 and residing in this state if any property sold at the auction is 1-9 being sold by: 1-10 (1) this state or an agency of this state; or 1-11 (2) a state bank, state savings and loan association, 1-12 or Texas bank holding company, as those terms are defined by 1-13 Article 2, Chapter I, The Texas Banking Code (Article 342-102, 1-14 Vernon's Texas Civil Statutes). 1-15 SECTION 2. This Act takes effect September 1, 1995. 1-16 SECTION 3. The importance of this legislation and the 1-17 crowded condition of the calendars in both houses create an 1-18 emergency and an imperative public necessity that the 1-19 constitutional rule requiring bills to be read on three several 1-20 days in each house be suspended, and this rule is hereby suspended.