BWM S.B. 394 75(R)BILL ANALYSIS


FINANCIAL INSTITUTIONS
S.B. 394
By: Ellis (Naishtat)
5-12-97
Committee Report (Unamended)


BACKGROUND

Currently, Texas offers 79 loan and loan guaranty programs through a
number of state agencies, each of which require different applications.
Furthermore, loan administrators may be unaware of similar programs
offered by other agencies.  The goal of S.B. 394 is to require loan
administrators to coordinate their efforts by developing a common
application that would be used by all loan and loan guaranty programs when
administrators are required to re-stock their applications.   

PURPOSE

As proposed, S.B. 394 outlines provisions regarding the application
process for state loan and loan guaranty programs. 

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. DEFINITION. Defines "state agency."

SECTION 2. COMMITTEE TO DEVELOP STANDARDIZED APPLICATIONS. Requires the
chief executive officer of each state agency that administers a loan or
loan guaranty program to appoint an employee of the agency to an
interagency committee (committee) to recommend a common application
process for loan and loan guaranty programs the state administers.  Sets
forth requirements for the committee.  Sets forth the requirements and
provisions for committee members.  Provides that the state agency that
employs the committee member is responsible for making the reimbursement. 

SECTION 3. REPORT. Requires the committee to file a report of its findings
and recommendations with the governor, lieutenant governor, and speaker of
the house of representatives not later than December 31, 1998. 

SECTION 4. EXPIRATION DATE. Provides that this Act expires January 1, 1999.

SECTION 5. Emergency clause.
  Effective date: 90 days after adjournment.