1-1  By:  Haywood                                           S.B. No. 915
    1-2        (In the Senate - Filed March 3, 1995; March 6, 1995, read
    1-3  first time and referred to Committee on State Affairs;
    1-4  April 21, 1995, reported favorably by the following vote:  Yeas 9,
    1-5  Nays 0; April 21, 1995, sent to printer.)
    1-6                         A BILL TO BE ENTITLED
    1-7                                AN ACT
    1-8  relating to the application of the open meetings law to certain
    1-9  meetings of the board of directors of an industrial development
   1-10  corporation.
   1-11        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-12        SECTION 1.  Subchapter D, Chapter 551, Government Code, is
   1-13  amended by adding Section 551.085 to read as follows:
   1-14        Sec. 551.085.  DELIBERATIONS OF INDUSTRIAL DEVELOPMENT
   1-15  CORPORATION; CLOSED MEETING.  (a)  The board of directors of an
   1-16  industrial development corporation may conduct a closed meeting to
   1-17  deliberate information that pertains to the finances of an
   1-18  applicant for assistance from the corporation.
   1-19        (b)  In this section, "industrial development corporation"
   1-20  has the meaning assigned by the Development Corporation Act of 1979
   1-21  (Article 5190.6, Vernon's Texas Civil Statutes).
   1-22        SECTION 2.  The importance of this legislation and the
   1-23  crowded condition of the calendars in both houses create an
   1-24  emergency and an imperative public necessity that the
   1-25  constitutional rule requiring bills to be read on three several
   1-26  days in each house be suspended, and this rule is hereby suspended,
   1-27  and that this Act take effect and be in force from and after its
   1-28  passage, and it is so enacted.
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