Amend the Marchant-Stiles amendment to CSHJR 4 by striking all of the text of the amendment and substituting the following: Amend CSHJR 4 by adding the following new section to the resolution and renumbering subsequent sections appropriately: SECTION ____. Article VIII, Texas Constitution, is amended by adding Section 1-b-2 to read as follows: Sec. 1-b-2. NOTICE OF PROPERTY TAX DECREASE. (a) If, on September 1, 1997, an escrow account is required to be maintained in connection with a loan secured by a mortgage in real property consisting of a single place of residence from which ad valorem taxes are paid, whether the residence is a separate structure or a residential unit within a multiple-unit structure, the person who controls the account, before October 1, 1997, shall deliver to the person who pays money into the account the following notice: NOTICE OF PROPERTY TAX DECREASE Because of actions taken by the 75th Texas Legislature, Regular Session, 1997, and approval by the voters of the constitutional amendment providing property tax relief to owners of residential property, in 1997 and subsequent years there will be a substantial decrease in the tax rates of school districts on residential property in this state. If your periodic mortgage payment includes an amount for the payment of property taxes, the decrease in the tax rate of your school district should result in a decrease in the amount you are required to pay into your escrow account. The decrease will be taken into account when your next annual escrow account statement required by federal law is prepared by (name of entity that controls escrow account). After you receive that escrow account statement, if you have any questions concerning the amount of your mortgage payments, you may direct them to (name of entity that controls escrow account) at (address and telephone number of entity). (b) This section expires December 31, 1998.