By Bernsen                                             S.B. No. 260
         77R1466 BDH-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the maximum age of a participant in the Young Farmer
 1-3     Loan Guarantee Program.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1. Section 58.051(2), Agriculture Code, is amended to
 1-6     read as follows:
 1-7                 (2)  "Eligible applicant" means a person applying for a
 1-8     loan guarantee under this subchapter who:
 1-9                       (A)  is at least 18 years of age but younger than
1-10     45  [40] years of age; and
1-11                       (B)  complies with the application procedures
1-12     prescribed by this subchapter.
1-13           SECTION 2. The change in law made by this Act applies only to
1-14     an application for a loan guarantee filed under Subchapter E,
1-15     Chapter 58, Agriculture Code, on or after the effective date of
1-16     this Act. An application filed before the effective date of this
1-17     Act is governed by the law in effect when the application was
1-18     submitted, and that law is continued in effect for that purpose.
1-19           SECTION 3.  This Act takes effect immediately if it receives
1-20     a vote of two-thirds of all the members elected to each house, as
1-21     provided by Section 39, Article III, Texas Constitution.  If this
1-22     Act does not receive the vote necessary for immediate effect, this
1-23     Act takes effect September 1, 2001.