Bill not drafted by TLC or Senate E&E.

      Line and page numbers may not match official copy.

      By Siebert                                      H.B. No. 1473

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the licensing and regulation of certain motor vehicle

 1-3     dealers.

 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-5           SECTION 1.  Section 503.033(g), Transportation Code, is

 1-6     amended to read as follows:

 1-7           (g)  This section does not apply to a person licensed as a

 1-8     franchised motor vehicle dealer by the department's Motor Vehicle

 1-9     Board.

1-10           SECTION 2.  Section 503.036, Transportation Code, is amended

1-11     to read as follows:

1-12           Section 503.036.  REASSIGNMENT OF EVIDENCE OF OWNERSHIP;

1-13     DEALER CATEGORIES.  (a)  The holder of a franchised motor vehicle

1-14     dealer's general distinguishing number may buy, sell, or exchange

1-15     new or used motor vehicles and reassign a manufacturer's

1-16     certificate of origin, certificate of title, or other basic

1-17     evidence of ownership of any type of vehicle owned by the dealer

1-18     that the dealer is not otherwise prohibited by law from selling or

1-19     offering for sale.

1-20           (b)  The holder of an independent motor vehicle dealer's

1-21     general distinguishing number may reassign a certificate of title

1-22     or other basic evidence of ownership of any type of vehicle owned

1-23     by the dealer that the dealer is not otherwise prohibited by law

1-24     from selling or offering for sale.

 2-1           (c)  The holder of a wholesale motor vehicle dealer's general

 2-2     distinguishing number may sell or offer to sell motor vehicles to

 2-3     no person except:

 2-4                 (1)  a person who holds a general distinguishing

 2-5     number; or

 2-6                 (2)  a person who is legally recognized as and duly

 2-7     licensed or otherwise qualified as a dealer under the laws of

 2-8     another state or foreign jurisdiction.

 2-9           [A dealer may reassign any basic evidence of ownership,

2-10     including a manufacturer's certificate of origin or a certificate

2-11     of title, for a vehicle owned by the dealer that the dealer is not

2-12     otherwise prohibited by law from selling only if the dealer:]

2-13                 [(1)  is licensed by the department's Motor Vehicle

2-14     Board; or]

2-15                 [(2)  has filed security as required by Section

2-16     503.033.]

2-17           SECTION 3.  The importance of this legislation and the

2-18     crowded condition of the calendars in both houses create an

2-19     emergency and an imperative public necessity that the

2-20     constitutional rule requiring bills to be read on three several

2-21     days in each house be suspended, and this rule is hereby suspended,

2-22     and that this Act take effect and be in force from and after its

2-23     passage, and it is so enacted.