SRC-JXG H.B. 2235 76(R)   BILL ANALYSIS


Senate Research Center   H.B. 2235
76R9127 DRH-FBy: Truitt (Nelson)
Intergovernmental Relations
5/6/1999
Engrossed


DIGEST 

In 1995, the 75th Texas Legislature enacted legislation to prohibit a city
of less than 50,000 in population from issuing any installment sale
obligations or lease-purchase obligations of more than $1 million without
the approval of the attorney general. Cities with a population of 50,000 or
more are not restricted in the same way. H.B. 2235 would repeal Section
2256.056, Government Code, to prohibit a municipality with a population of
less than 50,000 from issuing installment sale obligations or
lease-purchase obligations having the principal amount of $1 million or
more without the approval of the attorney general. 

PURPOSE

As proposed, H.B. 2235 repeals Section 2256.056, Government Code, regarding
the issuance of installment sale obligations or lease-purchase obligations
by certain municipalities. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Repealer:  Section 2256.056, Government Code (Compliance With
Other Laws). 

SECTION 2. Effective date: September 1, 1999.

SECTION 3. Emergency clause.