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House Committee on Financial Institutions - 67th R.S. (1981)

Committee Members
Stan Schlueter, Chair
Bill Ceverha, Vice Chair
Frank E. Hartung, Chair - Budget & Oversight
Oscar Brookshire
Bob McFarland
Lynn Nabers
Don Rains
Tim Von Dohlen
John Whitmire
Charges
• Examine the possibility of allowing home owners to mortgage homesteads.
• Study the operation of collection agencies in Texas in order to determine the extent of extortionate and abusive collection tactics.
• Study money market funds and their impact on the financial markets of Texas.
• Study the Texas Housing Agency's on-going loan program and financial benefits to homeowners to determine if changes need to be made.
• Study and report on the feasibility of repealing the present bank shares tax in its entirety and imposing a corporate franchise tax or some other equitable tax on banking corporations doing business in Texas.
• Oversight functions shall be conducted for all appropriations-related actions of those agencies assigned to this committee for appropriative purposes during the 67th Regular Session of the Legislature. In addition, a study should be made of the impact of any federal cuts, and the differences in the operational aspect of the agencies under block vs. categorical grants. Close scrutiny should be given to each agency to ascertain if legislative intent is being carried out in the rules promulgated by the agency and if the rules are feasible and practical in their application. These agencies include:
Department of Banking
Savings and Loan Department
Consumer Credit Commissioner
State Finance Commission
Credit Union Commissioner
Department of Treasury
State Depository Board
• Conduct and overall study of Texas' securities laws and determine if changes need to be made.
• Examine the effect of the State Securities Board's practices and policies on small businesses in Texas.
• Monitor the activities of the Sunset Commission as it deals with finance agencies during the interim.
• Examine the installment purchases made by the State Purchasing and General Services Commission to determine if interest rates could be reduced by securing a tax-exempt status on installment sales.

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