Texas 2023 88th Regular

Texas Senate Bill SR700 Introduced / Bill

Filed 05/27/2023

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                    88R33030 SCL-D
 By: Flores S.R. No. 700


 R E S O L U T I O N
 BE IT RESOLVED by the Senate of the State of Texas, 88th
 Legislature, Regular Session, 2023, That Senate Rule 12.03 be
 suspended in part as provided by Senate Rule 12.08 to enable the
 conference committee appointed to resolve the differences on House
 Bill 4635 (organized crime, racketeering activities, and
 collection of unlawful debts) to consider and take action on the
 following matter:
 Senate Rules 12.03(1), (2), and (3) are suspended to permit
 the committee to change, alter, or amend text not in disagreement by
 adding text on a matter not in disagreement and omitting text not in
 disagreement in proposed SECTION 6 of the bill, so that the text of
 added Section 72.01(7), Penal Code, reads as follows:
 (7)  "Unlawful debt" means any money or other thing of
 value constituting principal or interest of a debt that is wholly or
 partly legally unenforceable in this state because the debt was
 incurred or contracted:
 (A)  in violation of:
 (i)  the Texas Racing Act (Subtitle A-1,
 Title 13, Occupations Code, and Article 179e, Revised Civil
 Statutes);
 (ii)  Subtitle A, Title 4, Finance Code, or
 Section 11, Article XVI, Texas Constitution, relating to interest
 and usury, if the usurious rate is at least twice the enforceable
 rate; or
 (iii)  Chapter 47, relating to gambling; or
 (B)  in gambling activity in violation of federal
 law or in the business of lending money at a rate usurious under
 state law if the usurious rate is at least twice the enforceable
 rate.
 Explanation: The change is necessary to provide the scope of
 a usurious rate for purposes of the definition of "unlawful debt"
 and make a nonsubstantive change to a citation.