85R27766 TSR-D     By: Oliveira H.B. No. 2831     Substitute the following for H.B. No. 2831:     By:  Johnson of Dallas C.S.H.B. No. 2831       A BILL TO BE ENTITLED   AN ACT   relating to investments by state banks to promote community   development.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  The heading to Section 34.106, Finance Code, is   amended to read as follows:          Sec. 34.106.  INVESTMENTS TO PROMOTE COMMUNITY DEVELOPMENT   [FOR PUBLIC WELFARE].          SECTION 2.  Section 34.106, Finance Code, is amended by   amending Subsection (d) and adding Subsection (e) to read as   follows:          (d)  A bank's aggregate investments under this section[,   including loans and commitments for loans,] may not exceed an   amount equal to 15 [10] percent of the bank's unimpaired capital and   surplus. [The banking commissioner may authorize investments in   excess of this limitation in response to a written application if   the banking commissioner concludes that:                [(1)     the excess investment is not precluded by other   applicable law; and                [(2)     the safety and soundness of the requesting bank   would not be adversely affected.]          (e)  Notwithstanding any other law, a bank's exposure to a   single project or entity described by this section, including all   investments, loans, and commitments for loans, may not exceed 25   percent of the bank's unimpaired capital and surplus without the   prior authorization of the banking commissioner in response to a   written application.          SECTION 3.  This Act takes effect September 1, 2017.