By Nixon                                               S.B. No. 545
         76R5117 PAM-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to disclosure of the terms of certain real property sales
 1-3     to certified real estate appraisers.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Subchapter A, Chapter 5, Property Code, is
 1-6     amended by adding Section 5.012 to read as follows:
 1-7           Sec. 5.012.  DISCLOSURE OF TERMS OF CERTAIN REAL PROPERTY
 1-8     SALES.  (a)  This section applies only to real property located in:
 1-9                 (1)  a municipality with a population of less than
1-10     20,000; or
1-11                 (2)  the unincorporated area of a county if the
1-12     unincorporated area has a population of less than 100,000.
1-13           (b)  A person may release information relating to the terms
1-14     of the sale of real property to a real estate appraiser licensed or
1-15     certified under the Texas Appraiser Licensing and Certification Act
1-16     (Article 6573a.2, Vernon's Texas Civil Statutes) without violating
1-17     any ethics rules imposed on the person by the person's profession.
1-18           SECTION 2.  This Act takes effect September 1, 1999.
1-19           SECTION 3.  The importance of this legislation and the
1-20     crowded condition of the calendars in both houses create an
1-21     emergency and an imperative public necessity that the
1-22     constitutional rule requiring bills to be read on three several
1-23     days in each house be suspended, and this rule is hereby suspended.