By Cook H.B. No. 2924
Substitute the following for H.B. No. 2924:
By Marchant C.S.H.B. No. 2924
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to amendments to the Texas Property Code.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 41.001(b) of the Texas Property Code is
1-5 amended to read as follows:
1-6 (b) Encumbrances may be properly fixed on homestead property
1-7 for:
1-8 (1) purchase money which includes (i) consideration
1-9 paid or to be paid for the purchase of the property or (ii) an
1-10 owelty of partition imposed against the entirety of the property
1-11 claimed as a homestead by a court order or by written agreement of
1-12 the parties to the partition, including a debt of one spouse in
1-13 favor of the other spouse resulting from a division or an award of
1-14 a family homestead in a divorce proceeding;
1-15 (2) taxes on the property which include (i) ad valorem
1-16 property taxes and federal tax liens resulting from the tax debt of
1-17 both spouses, if the homestead is a family homestead, or from the
1-18 tax debt of the owner, and (ii) refinances by third parties of ad
1-19 valorem taxes or federal tax liens; or
1-20 (3) work and material used in constructing
1-21 improvements on the property if contracted for in writing as
1-22 provided by Sections 53.059(a), (b), and (c).
1-23 SECTION 2. This Act takes effect September 1, 1995.
2-1 SECTION 3. The importance of this legislation and the
2-2 crowded condition of the calendars in both houses create an
2-3 emergency and an imperative public necessity that the
2-4 constitutional rule requiring bills to be read on three several
2-5 days in each house be suspended, and this rule is hereby suspended.