By Brady H.B. No. 3162 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the electronic filing of financing statements and 1-3 related documents. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Chapter 9, Section 9.402, Business and Commerce 1-6 Code, is amended by adding subsection (i) to read as follows: 1-7 (i) Any filing under Article 9, Subchapter D, may be filed 1-8 electronically if it otherwise complies with the requirements of 1-9 this section and the rules promulgated by the Secretary of State. 1-10 Filing by electronic means is sufficient with respect to the filing 1-11 of financing statements or other filings under this subchapter 1-12 provided that, if the debtor's signature is otherwise required by 1-13 this subchapter, the secured party obtains a financing statement 1-14 signed by the debtor or other writing signed (Section 1.201(39)) by 1-15 the debtor authorizing the filing of a financing statement. The 1-16 filing officer is authorized to adopt practices and procedures, and 1-17 to promulgate appropriate rules, for the utilization of electronic 1-18 and other technologies for the filing of financing statements or 1-19 other filings, records retention, and provision of information. No 1-20 provision of Article 9 shall be deemed to limit financing 1-21 statements and other Article 9 filings to paper, and the provisions 1-22 of Article 9 shall be construed to permit use of other technologies 1-23 in accordance with rules adopted by the filing officer. The filing 2-1 officer is authorized to establish reasonable fees for the 2-2 provision of electronic information services. 2-3 SECTION 2. This Act takes effect September 1, 1995. 2-4 SECTION 3. The importance of this legislation and the 2-5 crowded condition of the calendars in both houses create an 2-6 emergency and an imperative public necessity that the 2-7 constitutional rule requiring bills to be read on three several 2-8 days in each house be suspended, and this rule is hereby suspended.