By: Carona S.R. No. 1105 SENATE RESOLUTION 1-1 BE IT RESOLVED by the Senate of the State of Texas, 76th 1-2 Legislature, Regular Session, 1999, That Senate Rule 12.03 is 1-3 suspended, as provided by Senate Rule 12.08, to enable the 1-4 conference committee appointed to resolve the differences between 1-5 the house and senate versions of Senate Joint Resolution No. 12, 1-6 proposing a constitutional amendment relating to the making of 1-7 advances under and payment of a reverse mortgage, to consider and 1-8 take action on the following matter: 1-9 Senate Rules 12.03(3) and (4), are suspended to permit the 1-10 committee to add new text to Section 50(k)(7), Article XVI, Texas 1-11 Constitution, as amended by Section 1 of the joint resolution, to 1-12 read as follows: 1-13 provided, however, that this subdivision does not apply when a 1-14 governmental agency or instrumentality takes an assignment of the 1-15 loan in order to cure the default 1-16 Explanation: This change is necessary to allow a 1-17 governmental agency or instrumentality to take assignment of a 1-18 reverse mortgage loan to cure a default without forfeiting 1-19 principal and interest of the loan. 1-20 ______________________________________ 1-21 President of the Senate 1-22 I hereby certify that the above 1-23 Resolution was adopted by the Senate 1-24 on May 25, 1999, by the following 1-25 vote: Yeas 30, Nays 0. 1-26 ______________________________________ 1-27 Secretary of the Senate