By Chisum                                       H.B. No. 2440

      75R1179 JD-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the repeal of the ad valorem tax exemption for the

 1-3     Nature Conservancy of Texas.

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

 1-5           SECTION 1.  Section 11.23(c), Tax Code, is repealed.

 1-6           SECTION 2.  This Act takes effect January 1, 1998.

 1-7           SECTION 3.  The importance of this legislation and the

 1-8     crowded condition of the calendars in both houses create an

 1-9     emergency and an imperative public necessity that the

1-10     constitutional rule requiring bills to be read on three several

1-11     days in each house be suspended, and this rule is hereby suspended.