By:  Truan, Carona                                     S.B. No. 568

                                A BILL TO BE ENTITLED

                                       AN ACT

 1-1     relating to contracts for deed in certain counties.

 1-2           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-3           SECTION 1.  Section 5.091, Property Code, is amended by

 1-4     adding Subsections (e) and (f) to read as follows:

 1-5           (e)  An executory contract to which this subchapter applies

 1-6     at the time the contract is executed is governed by this subchapter

 1-7     for the term of the contract regardless of whether the county in

 1-8     which the property is located is no longer described by Subsection

 1-9     (a).

1-10           (f)  This subchapter continues to apply to transactions in a

1-11     county for five years after the last year the Texas Department of

1-12     Housing and Community Affairs includes the county in the

1-13     determination made under Section 5.092.

1-14           SECTION 2.  Section 5.092, Property Code, is amended by

1-15     adding Subsection (f) to read as follows:

1-16           (f)  On expiration of the period prescribed by Section

1-17     5.091(f), the department shall:

1-18                 (1)  publish in the Texas Register notification that

1-19     this subchapter no longer applies to the county; and

1-20                 (2)  notify the county clerk of the county that this

1-21     subchapter no longer applies.

1-22           SECTION 3.  The importance of this legislation and the

1-23     crowded condition of the calendars in both houses create an

 2-1     emergency and an imperative public necessity that the

 2-2     constitutional rule requiring bills to be read on three several

 2-3     days in each house be suspended, and this rule is hereby suspended,

 2-4     and that this Act take effect and be in force from and after its

 2-5     passage, and it is so enacted.