House Committee on Financial Institutions 
         76th Legislature 
         May 13, 1999 
         Upon lunch recess 
         House Chamber, Desk 26 
          
         Pursuant to an announcement from the house floor on May 13,  
         1999, the House Committee on Financial Institutions met in a  
         formal meeting and was called to order by the Chair,  
         Representative Kip Averitt at 12:05 pm. 
          
         The roll was answered as follows:   
          
         Present:  Representatives Averitt; Solomons; Ehrhardt; Elkins;  
                   Grusendorf; Marchant; Pitts (7). 
          
         Absent:   Representatives Denny; Solis, Juan (2). 
          
         A quorum was present. 
          
         SJR 37 
          
         The chair laid out SJR 37 as pending business.   
          
         Representative Marchant moved that SJR 37 be reported  
         favorably to the full house with the recommendation that it do  
         pass and be printed.  The motion prevailed by the following  
         vote:   
          
         Ayes:          Representatives Averitt; Solomons; Ehrhardt;  
                        Elkins; Grusendorf; Marchant; Pitts (7). 
          
         Nays:          None (0). 
          
         Present not Voting:      None (0). 
          
         Absent:        Representatives Denny; Solis, Juan (2). 
          
         SB 1520 
          
         The chair laid out SB 1520 as pending business.   
          
         Representative Elkins offered an amendment to the measure.   
          
         The amendment was adopted without objection.   
          
         Representative Solomons moved that SB 1520, as amended, be  
         reported favorably to the full house with the recommendation  
         that it do pass and be printed and be sent to the Committee on  
         Local and Consent Calendars.  The motion prevailed by the  
         following vote:   
         Ayes:          Representatives Averitt; Solomons; Ehrhardt;  
                        Elkins; Grusendorf; Marchant; Pitts (7). 
          
         Nays:          None (0). 
  
         Present not Voting:      None (0). 
          
         Absent:        Representatives Denny; Solis, Juan (2). 
          
         At 12:10 pm, on the motion of the chair and without objection,  
         the meeting was adjourned subject to the call of the chair.   
          
         ______________________ 
         Rep. Kip Averitt, Chair 
          
         ______________________ 
         Bryan McMath, Clerk