FIFTY-FOURTH LEGISLATURESB 350/a

FIRST SESSION, 2019

February 13, 2019

Mr. President:

    Your CORPORATIONS AND TRANSPORTATION COMMITTEE, to whom has been referred

SENATE BILL 350

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

    1. On page 1, line 24, through page 2, line 6, strike Subsection B and insert in lieu thereof the following new subsection:

         "B. "automatic renewal provision" means a provision within a service contract that acts to automatically renew the service contract after the end of the original term for a renewal term greater than two months, and such renewal is effective unless the holder gives notice to the provider or administrator of the holder's intention to terminate the service contract;".

    2. On page 8, line 16, strike "to terminate" and insert in lieu thereof "not to renew".

    3. On page 8, line 18, after "notice", insert "of the holder's intention not to renew".,

and thence referred to the JUDICIARY COMMITTEE.

                               Respectfully submitted,

                               ___________________________________

                               SENATOR CLEMENTE SANCHEZ, CHAIRMAN

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 7 For 0 Against

Yes:      7

No:       0

Excused: Padilla

Absent:   None

SB0350CT1.wpd                                              .213643.1