JBM S.B. 899 75(R)    BILL ANALYSIS


NATURAL RESOURCES
S.B. 899
By: Ratliff (Denny)
5-13-97
Committee Report (Unamended)



BACKGROUND 

Currently, Texas law governing the voting guidelines for stockholders or
members of nonprofit water supply and sewer service corporations is
somewhat ambiguous.  This bill clearly sets forth the voting rights of
each member or stockholder in such an election.  

PURPOSE

To provide that, in reference to water supply or sewer service
corporations, a stockholder or member has only one vote regardless of the
number of memberships or stock certificates held by the person in the
election of certain executive officers. 

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. Amends Section 5, Chapter 76, Acts of the 43rd Legislature, 1st
Called Session, 1933, to require, at an annual membership or stockholders'
meeting of a water supply or sewer service corporation, that each member
or stockholder be allowed only one vote regardless of the number of
memberships or stock certificates held by the person. 

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