By Smithee H.B. No. 3601 Substitute the following for H.B. No. 3601: By Smithee C.S.H.B. No. 3601 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the treatment of certain annuities as charitable gift 1-3 annuities and the application of the Insurance Code and certain 1-4 other laws to charitable gift annuities. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Article 1.14-1A, Insurance Code, is amended by 1-7 adding Section 7 to read as follows: 1-8 Sec. 7. TREATMENT OF ANNUITY AS CHARITABLE GIFT ANNUITY: Any 1-9 annuity treated by the donor as a charitable gift annuity for any 1-10 federal tax purpose shall be considered in any litigation or 1-11 proceeding brought by or on behalf of the donor or the donor's 1-12 heirs or distributees, as a charitable gift annuity issued by a 1-13 charitable organization for purposes of Section 1, 2, and 6 of this 1-14 article and Section 2(b), Article 1.14-1 of this code. 1-15 SECTION 2. Sections 1, 2, 6 and 7, Article 1.14-1A, 1-16 Insurance Code, and Section 2(b), Article 1.14-1, Insurance Code, 1-17 as those sections exist on the effective date of this Act., apply 1-18 to any charitable gift annuity issued before, on, or after the 1-19 effective date of this Act, including any charitable gift annuity 1-20 that is the subject of any litigation or other proceeding that is 1-21 pending before, on or after the effective date of this Act. 1-22 SECTION 3. The importance of this legislation and the 1-23 crowded condition of the calendars in both houses create an 1-24 emergency and an imperative public necessity that the 2-1 constitutional rule requiring bills to be read on three several 2-2 days in each house be suspended, and this rule is hereby suspended, 2-3 and that this Act take effect and be in force from and after its 2-4 passage, and it is so enacted.