The Texas Real Estate Commission (TREC) adopts amendments to Chapter 534, General Administration by adding §534.4, concerning historically underutilized businesses without changes to the proposed text as published in the March 18, 2005, issue of the Texas Register (30 TexReg 1563) and will not be republished.

The purpose of the rule is to comply with Texas Government Code §2161.003. Section 2161.003 of the Government Code requires the Commission to adopt the Texas Building and Procurement Commission's rules on Historically Underutilized Businesses.

The reasoned justification for the rule will be to decrease confusion among the vendor community regarding agency rules and procedures for historically underutilized businesses. This should result in a more efficient agency purchasing process.

No comments were received regarding the rule as proposed.

The new rule is adopted under Texas Occupations Code, §1101.151, which authorizes the Texas Real Estate Commission to make and enforce all rules and regulations necessary for the performance of its duties and to establish standards of conduct and ethics for its licensees in keeping with the purpose and intent of the Act to insure compliance with the provisions of the Act.

The statutes affected by this rule are Texas Occupations Code, Chapter 1101 and Texas Government Code, Chapter 2161. No other statutes, articles, or codes are affected by the rule.