Amend HB 1448 by adding a new section to the bill,
appropriately numbered, to read as follows, and renumbering
subsequent sections accordingly:
      SECTION __.  An agreement with the owner of a leasehold
interest in tax-exempt property to exempt a portion of the value of
tangible personal property located on the real property as
described by Section 312.204(a),  312.210(b), or 312.402(a), Tax
Code, as amended by this Act, that was entered into before the
effective date of this Act is validated as of the date the
agreement was entered into.