78R19761 DWS-D
By: Averitt S.C.R. No. 66
CONCURRENT RESOLUTION
WHEREAS, House Bill No. 2415 has been adopted by the senate
and the house of representatives and is being prepared for
enrollment; and
WHEREAS, The bill contains technical errors that should be
corrected; now, therefore, be it
RESOLVED by the 78th Legislature of the State of Texas, That
the enrolling clerk of the house of representatives be instructed
to correct House Bill No. 2415, in SECTION 1 of the bill, by
striking Sections 304.003(c)(2) and (3), Finance Code, as amended
by the bill, and substituting the following:
(2) five [10] percent a year if the prime rate as
published by the Federal Reserve Bank of New York [auction rate]
described by Subdivision (1) is less than five [10] percent; or
(3) 15 [20] percent a year if the prime rate as
published by the Federal Reserve Bank of New York [auction rate]
described by Subdivision (1) is more than 15 [20] percent.