By Goolsby                                      H.B. No. 3516

      75R8692 DAK-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the statute of limitations for bringing an action for

 1-3     the specific performance of a real estate sales contract.

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

 1-5           SECTION 1.  Subchapter B, Chapter 16, Civil Practice and

 1-6     Remedies Code, is amended by adding Section 16.038 to read as

 1-7     follows:

 1-8           Sec. 16.038.  SPECIFIC PERFORMANCE.  A person must bring suit

 1-9     for the specific performance of a real estate sales contract not

1-10     later than one year after the day the cause of action accrues.

1-11           SECTION 2.  This Act takes effect September 1, 1997, and

1-12     applies only to a cause of action that accrues on or after that

1-13     date.  An action that accrued before the effective date of this Act

1-14     is governed by the law applicable to the action immediately before

1-15     the effective date of this Act, and that law is continued in effect

1-16     for that purpose.

1-17           SECTION 3.  The importance of this legislation and the

1-18     crowded condition of the calendars in both houses create an

1-19     emergency and an imperative public necessity that the

1-20     constitutional rule requiring bills to be read on three several

1-21     days in each house be suspended, and this rule is hereby suspended.