State Legislation

The 83rd Texas Legislature
convened last Tuesday, January 8, and will consume much of our time and
attention over the now 133 remaining days (not that anyone's counting).

The
Texas House Committee on Business and Industry held an interim hearing on
August 27 to explore issues related to construction liens and tax lien lenders.
IBAT testified on both issues.

Lt.
Governor David Dewhurst named Senator Tommy Williams (R - The Woodlands) as
Chairman of the powerful Senate Finance Committee.  He replaces longtime
Chairman Steve Ogden (R - Bryan) who is not seeking reelection.  

The
Committee is responsible for, among other issues, all revenue and expenditures
at the state level.  

While
the 83^rd Texas Legislature is still four months away from convening,
and most of the attention these days is on the elections and the continuing
onslaught from our federal government, IBAT has also been gearing up for the
upcoming legislative session.