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Highlights 77th Texas Legislature - Senate

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State Securities Board (Sunset) - H.B. 2255<br />

by Representative McCall, et al.<br />

<strong>Senate</strong> Sponsor: Senator Harris<br />

FINANCE<br />

77 th <strong>Texas</strong> <strong>Legislature</strong><br />

Continues the board for 12 years and sets forth standard sunset language related to board membership,<br />

conflicts of interest, and complaint procedures.<br />

Liens and Manufactured Homes - H.J.R. 5<br />

by Representative Solomons<br />

<strong>Senate</strong> Sponsor: Senator Shapleigh<br />

The <strong>Texas</strong> Constitution currently provides that homesteads are protected from forced sale for the payment<br />

of all debts, except in certain situations. One exception is for work and material used in constructing<br />

improvements under certain conditions, after the owner makes an application for any extension of credit for<br />

work and material.<br />

Proposes a constitutional amendment prescribing requirements for imposing a lien for work and material<br />

used in the construction, repair, or renovation of improvements on residential homestead property.<br />

Includes the conversion and refinancing of a personal property lien secured by a manufactured home to a<br />

lien on real property as a debt on homestead property protected from a forced sale.<br />

<strong>Senate</strong> Research Center 105

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