Amend SB 1427 as follows:
1.  Amend SECTION 5 of the bill by adding the following new
Subdivision (20) to Section 396.005(a), Local Government Code, at
page 5, line 18:
      (20)(a)  Notwithstanding any provision of this act, the
authority will continue to be served by the current provider of
electricity and related services to the authority until September
1, 2001.
            (b)  Before September 1, 2001, the Public Utility
Commission shall study the electric utility infrastructure of the
authority and determine a reasonable purchase price for the
infrastructure.  The authority shall reimburse the commission for
the cost of hiring a consultant to prepare and present a study of a
reasonable purchase price for the infrastructure, if the commission
determines a consultant is necessary.
            (c)  Any delegation of the exercise of power and the
provision of electric services provided for in subsection (19) will
be effected through a competitive sealed proposal procedure.  The
delegation must be awarded to the responsible offeror whose
proposal is determined to be the most advantageous to the
authority, after considering the relative importance of price and
other evaluation factors included in the request for proposals.
The authority may include as an evaluation factor any criteria the
board determines to be relevant to the delegation.  The authority
may reject any and all proposals.  The authority may not accept a
proposal for the acquisition of the electric utility infrastructure
of the authority in which the offered amount is less than the
reasonable purchase price determined by the Public Utility
Commission.  The provisions of Chapter 252, including Section
252.042(b) and related provisions, of the Local Government Code
shall control procedures where not otherwise inconsistent with the
provisions herein.
2.  Amend SECTION 6 of the bill by adding the following new
Subsection (20) to Section 2311.022, Government Code, at page 8,
line 10:
      (20)(a)  Notwithstanding any provision of this act, the
authority will continue to be served by the current provider of
electricity and related services to the authority until September
1, 2001.
            (b)  Before September 1, 2001, the Public Utility
Commission shall study the electric utility infrastructure of the
authority and determine a reasonable purchase price for the
infrastructure.  The authority shall reimburse the commission for
the cost of hiring a consultant to prepare and present a study of a
reasonable purchase price for the infrastructure, if the commission
determines a consultant is necessary.
            (c)  Any delegation of the exercise of power and the
provision of electric services provided for in subsection (19) will
be effected through a competitive sealed proposal procedure.  The
delegation must be awarded to the responsible offeror whose
proposal is determined to be the most advantageous to the
authority, after considering the relative importance of price and
other evaluation factors included in the request for proposals.
The authority may include as an evaluation factor any criteria the
board determines to be relevant to the delegation.  The authority
may reject any and all proposals.  The authority may not accept a
proposal for the acquisition of the electric utility infrastructure
of the authority in which the offered amount is less than the
reasonable purchase price determined by the Public Utility
Commission.  The provisions of Chapter 252, including Section
252.042(b) and related provisions, of the Local Government Code
shall control procedures where not otherwise inconsistent with the
provisions herein.