1-1     By:  Shapleigh                                        S.B. No. 1387
 1-2           (In the Senate - Filed March 11, 1999; March 15, 1999, read
 1-3     first time and referred to Committee on Intergovernmental
 1-4     Relations; April 15, 1999, reported favorably by the following
 1-5     vote:  Yeas 5, Nays 0; April 15, 1999, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to restructuring contracts for certain low-income housing
 1-9     assistance.
1-10           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11           SECTION 1.  Under the authority granted by the contract with
1-12     the United States Department of Housing and Urban Development under
1-13     the Multifamily Assisted Housing Reform and Affordability Act of
1-14     1997, Title V, Pub. L. No. 105-65, and subject to that Act, the
1-15     Texas Department of Housing and Community Affairs shall contact
1-16     owners of property who have contracted to provide housing
1-17     assistance under Section 8, United States Housing Act of 1937 (42
1-18     U.S.C. Section 1437f et seq.) and whose contracts have expired or
1-19     soon will expire, and attempt to restructure the contracts with
1-20     those property owners to ensure permanent affordability under the
1-21     Section 8 housing assistance program for those properties.
1-22           SECTION 2.  The importance of this legislation and the
1-23     crowded condition of the calendars in both houses create an
1-24     emergency and an imperative public necessity that the
1-25     constitutional rule requiring bills to be read on three several
1-26     days in each house be suspended, and this rule is hereby suspended,
1-27     and that this Act take effect and be in force from and after its
1-28     passage, and it is so enacted.
1-29                                  * * * * *