Bill not drafted by TLC or Senate E&E.

      Line and page numbers may not match official copy.

      By Burnam                                       H.B. No. 2960

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to state investments in or contracts with companies doing

 1-3     business with Burma (Myanmar).

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

 1-5           SECTION 1.  The State of Texas, agencies or authorities

 1-6     thereof or any other entity that invests or dispenses state funds

 1-7     may not do business with a business that: (a)  has a principal

 1-8     place of business, place of incorporation or its corporate

 1-9     headquarters in Burma (Myanmar) or has any operations, leases,

1-10     franchises, majority-owned subsidiaries, distribution agreements,

1-11     or any other similar agreements in Burma (Myanmar), or that is the

1-12     majority-owned subsidiary, licensee or franchise of such a person;

1-13           (b)  provides financial services to the government of Burma

1-14     (Myanmar), including providing direct loans, underwriting

1-15     government securities, providing any consulting advice or

1-16     assistance, providing brokerage services, acting as a trustee or

1-17     escrow agent, or otherwise acting as an agent pursuant to a

1-18     contractual agreement;

1-19           (c)  promotes the importation or sale of gems, timber, oil,

1-20     gas or other related products, commerce in which is largely

1-21     controlled by the government of Burma (Myanmar), from Burma

1-22     (Myanmar);

1-23           (d)  provides any goods or services to the government of

1-24     Burma (Myanmar).

 2-1           SECTION 2.  This Act takes effect September 1, 1997.

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

 2-3     crowded condition of the calendars in both houses create an

 2-4     emergency and an imperative public necessity that the

 2-5     constitutional rule requiring bills to be read on three several

 2-6     days in each house be suspended, and this rule is hereby suspended.