By:  Brown                                            S.B. No. 1497

                                A BILL TO BE ENTITLED

                                       AN ACT

 1-1     relating to the special account to fund the Texas Real Estate

 1-2     Research Center.

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

 1-4           SECTION 1.  Subsection (m), Section 5,  The Real Estate

 1-5     License Act (Article 6573a, Vernon's Texas Civil Statutes), is

 1-6     amended to read as follows:

 1-7           (m)  The commission shall charge and collect as a condition

 1-8     for issuance and for renewal of a real estate broker license the

 1-9     fee under Section 11(a)(14) of this Act.  The commission shall

1-10     charge and collect as a condition for issuance and for renewal of a

1-11     real estate salesman license the fee under Section 11(a)(15) of

1-12     this Act.  The commission shall transmit the fees under this

1-13     subsection quarterly to Texas A&M University for deposit in a

1-14     separate banking account.  The money in the separate account may

1-15     [shall] be expended only for the support and maintenance of the

1-16     Texas Real Estate Research Center and for carrying out the

1-17     purposes, objectives, and duties of the center.  The separate

1-18     account is exempt from Section  403.095, Government Code.  However,

1-19     all money expended from the separate account shall be as determined

1-20     by legislative appropriation.

1-21           SECTION 2.  Section 1 of this Act is intended to re-create

1-22     the separate account established by Subsection (m), Section 5, The

1-23     Real Estate License Act (Article 6573a, Vernon's Texas Civil

 2-1     Statutes).

 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,

 2-7     and that this Act take effect and be in force from and after its

 2-8     passage, and it is so enacted.