By Hill                                         H.B. No. 2579

      75R7062 DWS-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the powers of the Texas Housing Corporation.

 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-4           SECTION 1.  Section 2306.555, Government Code, is amended by

 1-5     adding Subsection (d) to read as follows:

 1-6           (d)  In carrying out its powers and duties, the corporation

 1-7     may perform the functions of a mortgage banker, including the

 1-8     making or purchasing of mortgage loans.

 1-9           SECTION 2.  The importance of this legislation and the

1-10     crowded condition of the calendars in both houses create an

1-11     emergency and an imperative public necessity that the

1-12     constitutional rule requiring bills to be read on three several

1-13     days in each house be suspended, and this rule is hereby suspended,

1-14     and that this Act take effect and be in force from and after its

1-15     passage, and it is so enacted.