86R989 TSR-D
By: Bohac H.B. No. 4565
A BILL TO BE ENTITLED
AN ACT
relating to the relocation of certain licensed pawnshops.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 371.059(b), Finance Code, is amended to
read as follows:
(b) In a county with a population of 250,000 or more, the
commissioner shall approve an application for:
(1) an original license to operate a pawnshop at a
facility that is not an existing licensed pawnshop at the time the
application is filed if the proposed facility is not located within
two miles of a licensed pawnshop; and
(2) the relocation of a licensed pawnshop to a
facility that [is not an existing licensed pawnshop] at the time the
application is filed [if the facility where the pawnshop is to be
relocated] is not located within one mile of a licensed pawnshop[;
and
[(3) the relocation of a licensed pawnshop if at the
time the application is filed the pawnshop has been in operation at
its current location for at least three years, and the facility
where the pawnshop is to be relocated is either within one mile of
its existing location or, if in excess of one mile from its existing
location, not within one mile of another existing operating
pawnshop].
SECTION 2. Section 371.059(c), Finance Code, is repealed.
SECTION 3. Section 371.059, Finance Code, as amended by
this Act, applies only to an application for the relocation of a
pawnshop filed on or after the effective date of this Act. An
application for the relocation of a pawnshop filed before the
effective date of this Act is governed by the law in effect on the
date the application was filed, and the former law is continued in
effect for that purpose.
SECTION 4. This Act takes effect September 1, 2019.