By Turner of Harris H.B. No. 2539
75R5062 JSA-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the special account to fund the Texas Real Estate
1-3 Research Center.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 5(m), The Real Estate License Act
1-6 (Article 6573a, Vernon's Texas Civil Statutes), is amended to read
1-7 as follows:
1-8 (m) The commission shall charge and collect as a condition
1-9 for issuance and for renewal of a real estate broker license the
1-10 fee under Section 11(a)(14) of this Act. The commission shall
1-11 charge and collect as a condition for issuance and for renewal of a
1-12 real estate salesman license the fee under Section 11(a)(15) of
1-13 this Act. The commission shall transmit the fees under this
1-14 subsection quarterly to Texas A&M University for deposit in a
1-15 separate banking account. The money in the separate account may
1-16 [shall] be expended only for the support and maintenance of the
1-17 Texas Real Estate Research Center and for carrying out the
1-18 purposes, objectives, and duties of the center. The separate
1-19 account is exempt from Section 403.095, Government Code. However,
1-20 all money expended from the separate account shall be as determined
1-21 by legislative appropriation.
1-22 SECTION 2. Section 1 of this Act is intended to re-create
1-23 the separate account established by Section 5(m), The Real Estate
1-24 License Act (Article 6573a, Vernon's Texas Civil Statutes).
2-1 SECTION 3. The importance of this legislation and the
2-2 crowded condition of the calendars in both houses create an
2-3 emergency and an imperative public necessity that the
2-4 constitutional rule requiring bills to be read on three several
2-5 days in each house be suspended, and this rule is hereby suspended,
2-6 and that this Act take effect and be in force from and after its
2-7 passage, and it is so enacted.