Amend CSHB 2037 by striking Section 1 and substituting the
following:
      Section 1. Section 3, Chapter 479, Acts of the 72nd
Legislature, Regular Session, 1991 (Article 8911, Vernon's Texas
Civil Statutes), is amended by adding new Subsections (q), (r), and
(s) as follows:
      (q)  Nonrenewal of an agreement by any party shall require a
60 day written notice of nonrenewal by the party choosing not to
renew. If nonrenewal of a contract is by the manufacturer or
distributor or outboard motor purchased from the manufacturer or
distributor, the manufacturer or distributor shall repurchase on
written demand from the dealer not later than 60 days after
nonrenewal:
            (1)  Any new, unsold, retailable, undamaged and
complete boat, with accessories and packaged trailers sold with the
boat by the manufacturer or distributor within the one-year period
before the date of nonrenewal, in the dealer's inventory, at
dealer's invoiced cost, less all allowances paid to the dealer; and
            (2)  Any new, current, unsold, undamaged, and unused
parts or accessories for boats or outboard motors, in the original
resalable merchandising package purchased by the dealer from the
manufacturer or distributor or dealer's invoiced cost. 
      (r)  The dealer shall provide the manufacturer or distributor
with a complete list of all items listed in Subsection (q) of this
section that are to be repurchased. The manufacturer or distributor
shall have a reasonable time to complete the repurchase. The
manufacturer's and distributor's repurchase obligation extends only
to property that is free and clear of any lien or encumbrance. 
      (s)  If the dealer chooses not to renew an agreement the
manufacturer or distributor is not required to the buy back
provisions in Section (q).