By:  Brown                                            S.B. No. 1240
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to mediated settlement agreements.
    1-2        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-3        SECTION 1.  Section 154.071, Civil Practice and Remedies
    1-4  Code, is amended by adding Subsections (d) and (e) to read as
    1-5  follows:
    1-6        (d)  A mediated settlement agreement is subject to revocation
    1-7  by a party before rendition of judgment or decree, unless:
    1-8              (1)  the settlement agreement contains, in a separate
    1-9  paragraph, an underlined statement that the settlement agreement is
   1-10  not subject to revocation;
   1-11              (2)  the settlement agreement is signed by each party
   1-12  to the settlement agreement; and
   1-13              (3)  if the party has an attorney representing the
   1-14  party in the matter being mediated, the party's attorney approves
   1-15  the settlement agreement if the party's attorney is present when
   1-16  the settlement agreement is signed.
   1-17        (e)  If a mediated settlement agreement meets the
   1-18  requirements of Subsection (d), a party is entitled to judgment or
   1-19  decree on the mediated settlement agreement.
   1-20        SECTION 2.  The importance of this legislation and the
   1-21  crowded condition of the calendars in both houses create an
   1-22  emergency and an imperative public necessity that the
   1-23  constitutional rule requiring bills to be read on three several
    2-1  days in each house be suspended, and this rule is hereby suspended,
    2-2  and that this Act take effect and be in force from and after its
    2-3  passage, and it is so enacted.