By Giddings H.B. No. 1991
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the historically underutilized business and small
1-3 business linked deposit program.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 481.197(c), Subchapter N, Government
1-6 Code, is amended to read as follows:
1-7 (c) The borrower shall apply a loan granted under this
1-8 subchapter to working capital or to the purchase, construction, or
1-9 lease of capital assets, including land, buildings, and equipment.
1-10 SECTION 2. This Act takes effect September 1, 1995, and
1-11 applies only to a loan in which an application for that loan is
1-12 submitted to the Texas Department of Commerce for review and
1-13 consideration under Subchapter N, Chapter 481, Government Code, on
1-14 or after that date.
1-15 SECTION 3. The importance of this legislation and the
1-16 crowded condition of the calendars in both houses create an
1-17 emergency and an imperative public necessity that the
1-18 constitutional rule requiring bills to be read on three several
1-19 days in each house be suspended, and this rule is hereby suspended.