GEC H.B. 2683 75(R)BILL ANALYSIS


BUSINESS & INDUSTRY
H.B. 2683
By: Dukes
4-9-97
Committee Report (Unamended)



BACKGROUND 

Travis County began eight misdemeanor investigations based on an
interpretation that it is a violation of the statutes to sell lots using a
subdivision description.  This bill clarifies the existing language to
allow use of a pending subdivision description if the buyer is not given
use or occupancy of the land. 

PURPOSE

The bill allows the use of a subdivision description when used in a
contingency 
contract.

RULEMAKING AUTHORITY

It is the committee's opinion that this bill does not expressly grant any
additional rulemaking authority to a state officer, department, agency or
institution. 

SECTION BY SECTION ANALYSIS

SECTION 1 allows a property owner to refer to the name of a subdivision in
a sales contract if the contract is contingent on approval and recording
of the final plat and the buyer is not given use or occupancy of the land
prior to recording of the final plat. 

SECTION 2 states that the changes apply to contracts entered into on or
after 
the effective date of the act.

SECTION 3 states that the effective date is September 1, 1997.

SECTION 4 contains an emergency clause.