1-1 By: Brown S.B. No. 1497
1-2 (In the Senate - Filed March 13, 1997; March 20, 1997, read
1-3 first time and referred to Committee on Finance; April 18, 1997,
1-4 reported favorably by the following vote: Yeas 11, Nays 0;
1-5 April 18, 1997, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to the special account to fund the Texas Real Estate
1-9 Research Center.
1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11 SECTION 1. Subsection (m), Section 5, The Real Estate
1-12 License Act (Article 6573a, Vernon's Texas Civil Statutes), is
1-13 amended to read as follows:
1-14 (m) The commission shall charge and collect as a condition
1-15 for issuance and for renewal of a real estate broker license the
1-16 fee under Section 11(a)(14) of this Act. The commission shall
1-17 charge and collect as a condition for issuance and for renewal of a
1-18 real estate salesman license the fee under Section 11(a)(15) of
1-19 this Act. The commission shall transmit the fees under this
1-20 subsection quarterly to Texas A&M University for deposit in a
1-21 separate banking account. The money in the separate account may
1-22 [shall] be expended only for the support and maintenance of the
1-23 Texas Real Estate Research Center and for carrying out the
1-24 purposes, objectives, and duties of the center. The separate
1-25 account is exempt from Section 403.095, Government Code. However,
1-26 all money expended from the separate account shall be as determined
1-27 by legislative appropriation.
1-28 SECTION 2. Section 1 of this Act is intended to re-create
1-29 the separate account established by Subsection (m), Section 5, The
1-30 Real Estate License Act (Article 6573a, Vernon's Texas Civil
1-31 Statutes).
1-32 SECTION 3. The importance of this legislation and the
1-33 crowded condition of the calendars in both houses create an
1-34 emergency and an imperative public necessity that the
1-35 constitutional rule requiring bills to be read on three several
1-36 days in each house be suspended, and this rule is hereby suspended,
1-37 and that this Act take effect and be in force from and after its
1-38 passage, and it is so enacted.
1-39 * * * * *