By George H.B. No. 1306 76R3690 WP-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to filing of financing statements and certain other 1-3 filings with the secretary of state. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 9.402, Business & Commerce Code, is 1-6 amended by adding Subsection (i) to read as follows: 1-7 (i) This code does not require that a financing statement or 1-8 other filing made under this subchapter be created or transmitted 1-9 to the secretary of state on paper. A financing statement or 1-10 other filing made in accordance with rules adopted under this 1-11 subchapter is not ineffective or insufficient because the financing 1-12 statement or other filing is generated or transmitted 1-13 electronically. 1-14 SECTION 2. Section 9.402(i), Business & Commerce Code, as 1-15 added by this Act, is intended to clarify law existing before the 1-16 effective date of this Act, and the authority expressed in that 1-17 section is within the authority previously granted to the secretary 1-18 of state under Section 9.411, Business & Commerce Code. This Act 1-19 applies to the filing of a financing statement or other filing made 1-20 before, on, or after the effective date of this Act. 1-21 SECTION 3. The importance of this legislation and the 1-22 crowded condition of the calendars in both houses create an 1-23 emergency and an imperative public necessity that the 1-24 constitutional rule requiring bills to be read on three several 2-1 days in each house be suspended, and this rule is hereby suspended, 2-2 and that this Act take effect and be in force from and after its 2-3 passage, and it is so enacted.