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.