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78R10222 T


By:  McCall, Raymond                                              H.B. No. 1076

Substitute the following for H.B. No. 1076:                                   

By:  Raymond                                                  C.S.H.B. No. 1076



A BILL TO BE ENTITLED

AN ACT

relating to the ownership of a motor vehicle dealership.                      
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Article 2301.476, Occupations Code, is amended 
by adding Subsection (h) to read as follows:
	(h)  Notwithstanding the terms of this chapter, and subject 
to the limitations set forth in this subsection, a manufacturer or 
distributor may own an interest in an entity that holds a general 
distinguishing number if the entity:
		(1)  is primarily engaged in the business of renting to 
other persons passenger vehicles or commercial motor vehicles that 
the entity owns; and
		(2)  sells or offers for sale no vehicle other than a 
vehicle that the entity:
			(A)  owns and has taken from service in its rental 
fleet; or        
			(B)  has taken in trade as part of a transaction 
involving the sale of a vehicle taken from service in its rental 
fleet.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect June 1, 2003.
	SECTION 3.  The importance of this legislation and the 
crowded condition of the calendars in both houses create an 
emergency and an imperative public necessity that the 
constitutional rule requiring bills to be read on three several 
days in each house be suspended, and this rule is hereby suspended.