By:  Shapleigh                                        S.B. No. 1387
         Line and page numbers may not match official copy.
         Bill not drafted by TLC or Senate E&E.
                                A BILL TO BE ENTITLED
                                       AN ACT
 1-1     relating to restructuring contracts for certain low-income housing
 1-2     assistance.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1.  Under the authority granted by the contract with
 1-5     the United States Department of Housing and Urban Development under
 1-6     the Multifamily Assisted Housing Reform and Affordability Act of
 1-7     1997 (Title 5, Pub. L. No. 105-65), and subject to that Act, the
 1-8     Texas Department of Housing and Community Affairs shall contact
 1-9     owners of property who have contracted to provide housing
1-10     assistance under Section 8, United States Housing Act of 1937 (42
1-11     U.S.C. Section 1437f et seq.) and whose contracts have expired or
1-12     soon will expire, and attempt to restructure the contracts with
1-13     those property owners to ensure permanent affordability under the
1-14     Section 8 housing assistance program for those properties.
1-15           SECTION 2.  The importance of this legislation and the
1-16     crowded condition of the calendars in both houses create an
1-17     emergency and an imperative public necessity that the
1-18     constitutional rule requiring bills to be read on three several
1-19     days in each house be suspended, and this rule is hereby suspended,
1-20     and that this Act take effect and be in force from and after its
1-21     passage, and it is so enacted.