HBA-ATS H.B. 29 76(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 29 By: Goolsby Civil Practices 2/17/1999 Introduced BACKGROUND AND PURPOSE Currently, the statute of limitations to enforce the specific performance of a real estate sales contract is four years from the day the cause of action accrues. H.B. 29 shortens the period of time within which a person may seek specific performance of a real estate sales contract from four years to one year. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Subchapter B, Chapter 16, Civil Practice and Remedies Code, by adding Section 16.038, to require that a person bring suit for the specific performance of a real estate sales contract no later than one year after the day the cause of action accrues. SECTION 2. Effective date: September 1, 1999. Makes application of this Act prospective. SECTION 3. Emergency clause.