1-1  By:  Armbrister                                       S.B. No. 1461
    1-2        (In the Senate - Filed March 13, 1995; March 21, 1995, read
    1-3  first time and referred to Committee on State Affairs;
    1-4  April 28, 1995, reported favorably by the following vote:  Yeas 8,
    1-5  Nays 0; April 28, 1995, sent to printer.)
    1-6                         A BILL TO BE ENTITLED
    1-7                                AN ACT
    1-8  relating to exempting officers and employees of counties,
    1-9  municipalities, school districts, and any other political
   1-10  subdivision from interest payments described in Chapter 74,
   1-11  Property Code.
   1-12        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-13        SECTION 1.  Section 74.705, Property Code, is amended by
   1-14  adding Subsection (f) to read as follows:
   1-15        (f)  A person is not liable for the payment of interest
   1-16  described in Subsection (a) while the person is performing official
   1-17  duties as an officer or employee of:
   1-18              (1)  county government;
   1-19              (2)  a municipality created under the laws of the State
   1-20  of Texas;
   1-21              (3)  an independent school district created under the
   1-22  laws of the State of Texas; or
   1-23              (4)  any other political subdivision created under the
   1-24  laws of the State of Texas.
   1-25        SECTION 2.  This Act takes effect September 1, 1995.
   1-26        SECTION 3.  The importance of this legislation and the
   1-27  crowded condition of the calendars in both houses create an
   1-28  emergency and an imperative public necessity that the
   1-29  constitutional rule requiring bills to be read on three several
   1-30  days in each house be suspended, and this rule is hereby suspended.
   1-31                               * * * * *