The Laws of Texas, 1937-1939 [Volume 31] Page: 114 of 1,313
1 volume (multiple pagings 1,313 pages total); 25 cm.View a full description of this book.
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1842 RESOLUTIONS.
WHEREAS, Through error, Newton and Sabine Counties were
left out of said list of East Texas Counties; now, therefore, be it
RESOLVED by the House of Representatives, the Senate concurring,
That the Enrolling Clerk of the Senate be instructed
to correct Senate Concurrent Resolution No. 2, by inserting
Newton and Sabine Counties in said list of East Texas Counties.
Filed in the Department of State, June 25, 1937, with the
Governor's signature.
ASSERTING LEGISLATIVE INTENT WITH REGARD TO
FINANCIAL STATUS OF OLD AGE ASSISTANCE
BENEFICIARIES.
H. C. R. No. 26.]
HOUSE CONCURRENT RESOLUTION.
WHEREAS, The Old Age Assistance Commission and the Director
thereof, in passing upon the eligibility of applicants for
Old Age Assistance, are considering the cash surrender value
and the loan value of life insurance policies held by said applicants
as a resource or means of support; and
WHEREAS, As authority for such interpretation evidently
have taken into consideration Section 4 of House Bill No. 8
passed at the Third Called Session of the Forty-fourth Legislature,
which Section reads as follows:
"Sec. 4. In determining the eligibility of an applicant for
assistance under this Act, it shall be the duty of the Commission
to consider and take into account all facts and circumstances
surrounding the applicant, including his earning capacity and
his opportunity to obtain support from other sources, and if
from all the facts and circumstances the applicant does not appear
to be in a needy and necessitous condition, assistance shall
be denied. In calculating income and resources of the applicant,
the Commission shall take into account all money received by
gift, devise or descent"; and
WHEREAS, Life insurance policies are not liquid securities
and do not pay dividends of any considerable amount; and
WHEREAS, The cash surrender or the loan values of life insurance
policies are very small and inconsequential compared
to the death benefits provided for under said policies; and
WHEREAS, Cash surrender values and loan values of life
insurance policies are not marketable at a value that would
warrant said holder in either availing himself or herself of the
loan on said policies or of accepting the cash surrender values
provided therein; and
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1937-1939 [Volume 31], book, 1939; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth18824/m1/114/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .