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.

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