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.