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Texas Legislature Veto Deadline Passes
Friday, June 23, 2017 7:05 AM

The deadline for Texas’ Governor Greg Abbott to sign or veto bills passed by the 85th Legislature, during the regular legislative session, ended June 18. The governor vetoed 50 bills, the most bills vetoed since 2007.

Of the bills vetoed, one was of potential impact to credit unions that was being monitored by the Texas Credit Union Association. SB 813 would have provided a cause of action against a state agency for frivolous regulatory action, permitting recovery of damages, attorneys’ fees, and court costs.

TXCUA was not asking the governor to veto any bills. The governor did sign into law numerous bills the TXCUA supported.

The Home Equity Lending and Prize Linked Savings Accounts constitutional amendments will be on the ballot in November. These amendments require adoption by the voters before they can become law. This will conclude the legislative agenda for Texas credit unions in this legislative session.

The governor said the vetoed bills were unnecessary, too costly, or too burdensome. All of Abbott's veto statements can be viewed here.

The first special session of the 85th Texas Legislature will begin on July 18, 2017. The first issue the legislature will be dealing with is addressing sunset dates of agencies that were not reauthorized during the regular session, which may include adjusting sunset dates of a number of agencies.

For more information, please contact Texas Credit Union Association President Jeff Huffman at 469-385-6488 or jhuffman@txcua.coop.