Amend SB 1287 as follows:
      (1)  In SECTION 1 of the bill, in added Section 2306.752(a),
Government Code (House committee report, page 1, lines 19 and 20),
strike "and nonprofit organizations identified by the department"
and substitute "or a nonprofit organization certified by the
department as a nonprofit owner-builder housing program".
      (2)  In SECTION 1 of the bill, in added Section 2306.753(a),
Government Code (House committee report, page 2, lines 7 and 8),
strike "must provide that at least 50 percent of the loans made
under this subchapter be made to" and substitute "must establish a
priority for loans made under this subchapter to".
      (3)  In SECTION 1 of the bill, in added Section
2306.753(b)(2), Government Code (House committee report, page 2,
line 17), strike "$25,000" and substitute "60 percent, as
determined by the department, of the greater of the state or local
median family income".
      (4)  In SECTION 1 of the bill, following added Section
2306.753(c), Government Code (House committee report, page 3,
between lines 10 and 11), insert the following:
      (d)  At least two-thirds of the dollar amount of loans made
under this subchapter in each fiscal year must be made to borrowers
whose property is located in a county that is eligible to receive
financial assistance under Subchapter K, Chapter 17, Water Code.
      (5)  In SECTION 1 of the bill, strike added Sections
2306.754(c)(2)-(5), Government Code (House committee report, page
3, line 23 through page 4, line 8) and substitute the following:
            (2)  may bear interest at a fixed rate of not more than
three percent or bear interest in the following manner:
                  (A)  no interest for the first two years of the
loan;
                  (B)  beginning with the second anniversary of the
date the loan was made, interest at the rate of one percent a year;
                  (C)  beginning on the third anniversary of the
date the loan was made and ending on the sixth anniversary of the
date the loan was made, interest at a rate that is one percent
greater than the rate borne in the preceding year; and
                  (D)  beginning on the sixth anniversary of the
date the loan was made and continuing through the remainder of the
loan term, interest at the rate of five percent; and
      (6)  In SECTION 1 of the bill, in added Section
2306.754(c)(6), Government Code (House committee report, page 4,
line 9), strike "(6)" and substitute "(3)".
      (7)  In SECTION 1 of the bill, at the end of added Section
2306.758(b)(2), Government Code (House committee report, page 6,
line 9), insert "and".
      (8)  In SECTION 1 of the bill, strike added Section
2306.758(b)(3), Government Code (House committee report, page 6,
lines 10 and 11).
      (9)  In SECTION 1 of the bill, in added Section
2306.758(b)(4), Government Code (House committee report, page 6,
line 12), strike "(4)" and substitute "(3)".
      (10)  In SECTION 1 of the bill, strike added Section
2306.759(1), Government Code (House committee report, page 6, lines
15-17) and substitute the following:
            (1)  prepare a report that evaluates the repayment
history of owner-builders who receive loans under this subchapter,
including for each owner-builder:
                  (A)  the owner-builder's income;
                  (B)  the date on which the owner-builder
completed building or improving the residential housing for which
the loan was made;
                  (C)  the county in which the residential housing
is located;
                  (D)  the identity of the owner-builder housing
program through which the housing was constructed; and
                  (E)  a description of the type of construction or
improvement made; and
      (11)  Strike SECTIONS 2 and 3 of the bill (House committee
report, page 6, line 23 through page 7, line 7) and substitute the
following:
      SECTION 2.  For the state fiscal biennium ending August 31,
2001, the Texas Department of Housing and Community Affairs shall
use not more than $2.8 million from funds allocated to the housing
trust fund established under Section 2306.201, Government Code, and
not less than $2.8 million from any other source available to the
department to make loans under Subchapter FF, Chapter 2306,
Government Code, as added by this Act.
      (12)  Renumber SECTIONS 4 and 5 of the bill as SECTIONS 3 and
4.