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.