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. 1-30 * * * * *