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.