1-1     By:  Nixon                                             S.B. No. 545
 1-2           (In the Senate - Filed February 16, 1999; February 17, 1999,
 1-3     read first time and referred to Committee on State Affairs;
 1-4     March 31, 1999, reported favorably by the following vote:  Yeas 8,
 1-5     Nays 0; March 31, 1999, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to disclosure of the terms of certain real property sales
 1-9     to certified real estate appraisers.
1-10           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11           SECTION 1.  Subchapter A, Chapter 5, Property Code, is
1-12     amended by adding Section 5.012 to read as follows:
1-13           Sec. 5.012.  DISCLOSURE OF TERMS OF CERTAIN REAL PROPERTY
1-14     SALES.  (a)  This section applies only to real property located in:
1-15                 (1)  a municipality with a population of less than
1-16     20,000; or
1-17                 (2)  the unincorporated area of a county if the
1-18     unincorporated area has a population of less than 100,000.
1-19           (b)  A person may release information relating to the terms
1-20     of the sale of real property to a real estate appraiser licensed or
1-21     certified under the Texas Appraiser Licensing and Certification Act
1-22     (Article 6573a.2, Vernon's Texas Civil Statutes) without violating
1-23     any ethics rules imposed on the person by the person's profession.
1-24           SECTION 2.  This Act takes effect September 1, 1999.
1-25           SECTION 3.  The importance of this legislation and the
1-26     crowded condition of the calendars in both houses create an
1-27     emergency and an imperative public necessity that the
1-28     constitutional rule requiring bills to be read on three several
1-29     days in each house be suspended, and this rule is hereby suspended.
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