Amend HB 2799 by adding the following appropriately numbered
SECTION and renumbering the remaining SECTIONS of the bill
accordingly:
      SECTION ____.  Subchapter B, Chapter 2256, Government Code,
is amended by adding Section 2256.056 to read as follows:
      Sec. 2256.056.  COMPLIANCE WITH OTHER LAWS.  Notwithstanding
any other law, a local government may not issue for any purpose or
cause to be issued in its behalf any installment sale obligation or
lease-purchase obligation having the principal amount of $1 million
or more without complying with the provisions of Section 3.002,
Chapter 53, Acts of the 70th Legislature, 2nd Called Session, 1987
(Article 717k-8, Vernon's Texas Civil Statutes), regardless of
whether the obligation was issued individually or in a series of
related transactions, or whether the obligation was issued with no
recourse to the local government.