By King                                               H.B. No. 3065

         75R9521 CLG-F                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the eligibility of lending institutions to participate

 1-3     in the linked deposit program established in the Department of

 1-4     Agriculture.

 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-6           SECTION 1.  Section 44.007, Agriculture Code, is amended by

 1-7     adding Subsection (k) to read as follows:

 1-8           (k)  A lending institution is not ineligible to participate

 1-9     in the linked deposit program solely because a member of the board

1-10     is also an officer, director, or employee of the lending

1-11     institution.

1-12           SECTION 2.  The importance of this legislation and the

1-13     crowded condition of the calendars in both houses create an

1-14     emergency and an imperative public necessity that the

1-15     constitutional rule requiring bills to be read on three several

1-16     days in each house be suspended, and this rule is hereby suspended,

1-17     and that this Act take effect and be in force from and after its

1-18     passage, and it is so enacted.