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SENATE RESOLUTION
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BE IT RESOLVED by the Senate of the State of Texas, 84th |
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Legislature, That Senate Rule 12.03 be suspended in part as |
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provided by Senate Rule 12.08 to enable the conference committee |
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appointed to resolve the differences on House Bill 483 (the |
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establishment and administration of a state bullion depository; |
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authorizing fees) to consider and take action on the following |
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matters: |
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(1) Senate Rules 12.03(1) and (3) are suspended to permit |
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the committee to add and amend text which is not in disagreement |
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in proposed SECTION 1 of the bill, in added Section |
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2116.015(a)(1), Government Code, to read as follows: |
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(1) an individual or fiduciary, including an |
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administrator, executor, custodian, guardian, or trustee; |
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Explanation: This change is necessary to ensure that an |
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individual may use a depository account in the state bullion |
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depository as an investment. |
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(2) Senate Rule 12.03(2) is suspended to permit the |
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committee to omit text not in disagreement in proposed SECTION 1 |
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of the bill, in added Section 2116.015, Government Code, by |
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omitting proposed Subsection (b), which reads as follows: |
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(b) An investment by an insurance company in a depository |
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account is eligible to be applied as a credit against taxes |
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payable under Chapters 221 and 222, Insurance Code, in accordance |
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with rules adopted by the comptroller after consultation with the |
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commissioner of insurance. |
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Explanation: The omission is necessary to eliminate the |
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implication that certain investments may be applied as tax |
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credits. |
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_______________________________ |
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President of the Senate |
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I hereby certify that the |
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above Resolution was adopted by |
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the Senate on May 30, 2015, by |
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the following vote: Yeas 31, |
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Nays 0. |
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_______________________________ |
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Secretary of the Senate |