HBA-MSH H.B. 3196 77(R)    BILL ANALYSIS


Office of House Bill AnalysisH.B. 3196
By: Jones, Elizabeth
Civil Practices
4/3/2001
Introduced



BACKGROUND AND PURPOSE 

Currently, the Texas Miscellaneous Corporation Laws Act extends a limited
indemnification to board members of a corporation formed under one of 13
different Acts.  House Bill 3196 adds the Texas Housing Finance
Corporations Act to this indemnification list.  

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. 

ANALYSIS

House Bill 3196 amends the Texas Miscellaneous Corporations Laws Act to
limit the liability of the directors of a corporation organized under the
Texas Housing Finance Corporations Act. 

EFFECTIVE DATE

On passage, or if the Act does not receive the necessary vote, the Act
takes effect September 1, 2001.