1-1 By: Truan, Carona S.B. No. 568 1-2 (In the Senate - Filed February 12, 1997; February 17, 1997, 1-3 read first time and referred to Committee on International 1-4 Relations, Trade, and Technology; March 13, 1997, reported 1-5 favorably by the following vote: Yeas 9, Nays 0; March 13, 1997, 1-6 sent to printer.) 1-7 A BILL TO BE ENTITLED 1-8 AN ACT 1-9 relating to contracts for deed in certain counties. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Section 5.091, Property Code, is amended by 1-12 adding Subsections (e) and (f) to read as follows: 1-13 (e) An executory contract to which this subchapter applies 1-14 at the time the contract is executed is governed by this subchapter 1-15 for the term of the contract regardless of whether the county in 1-16 which the property is located is no longer described by Subsection 1-17 (a). 1-18 (f) This subchapter continues to apply to transactions in a 1-19 county for five years after the last year the Texas Department of 1-20 Housing and Community Affairs includes the county in the 1-21 determination made under Section 5.092. 1-22 SECTION 2. Section 5.092, Property Code, is amended by 1-23 adding Subsection (f) to read as follows: 1-24 (f) On expiration of the period prescribed by Section 1-25 5.091(f), the department shall: 1-26 (1) publish in the Texas Register notification that 1-27 this subchapter no longer applies to the county; and 1-28 (2) notify the county clerk of the county that this 1-29 subchapter no longer applies. 1-30 SECTION 3. The importance of this legislation and the 1-31 crowded condition of the calendars in both houses create an 1-32 emergency and an imperative public necessity that the 1-33 constitutional rule requiring bills to be read on three several 1-34 days in each house be suspended, and this rule is hereby suspended, 1-35 and that this Act take effect and be in force from and after its 1-36 passage, and it is so enacted. 1-37 * * * * *