Amend HB 2434 as follows:
      (1)  In SECTION 1, in the recital (house engrossment, page 1,
line 7), strike "Subsection (c)" and substitute "Subsections (c)
and (d)".
      (2)  In SECTION 1, following added Subsection (c), Section
23, Development Corporation Act of 1979 (Article 5190.6, Vernon's
Texas Civil Statutes) (house engrossment, page 1, between lines 19
and 20), insert new Subsection (d) to read as follows:
      (d)  Notwithstanding any law to the contrary, any corporation
created by a unit under this Act may, with the consent of the unit,
obtain retirement benefits under any retirement program operated or
participated in by the unit.  Retirement benefits may be extended
to the corporation's directors and employees.