SRC-JRN H.B. 799 75(R)   BILL ANALYSIS


Senate Research Center   H.B. 799
By: Elkins (Lindsay)
State Affairs
4-23-97
Engrossed


DIGEST 

In 1983, the legislature enacted Article 717q, V.T.C.S., enabling a local
governmental entity to issue short-term obligations and to enter into
related financial agreements for which there is no other statutory
authority.  Between 1985 and 1995, there were several amendments to
Article 717q.  This bill redefines "issuers" to allow large counties to
issue short-term obligations. 

PURPOSE

As proposed, H.B. 799 redefines "issuers" to allow large counties to issue
short-term obligations. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 1(1), Article 717q, V.T.C.S., to redefine
"issuer" to apply to certain provisions, among which include a county
having a population of two million or more according to the most recent
federal census.  Deletes the requirement that a county meet census data
with respect to eligible projects described in Subdivisions (3)(A)(4) and
(3)(A)(5) of this section. 

SECTION 2. Emergency clause.
  Effective date: upon passage.