Amend CSHB 3449 as follows:
      (1)  On page 2, strike lines 12-18 and substitute the
following:
      (b)  The department is composed of:
            (1)  the community affairs division;
            (2)  the housing finance division;
            (3)  the manufactured housing division;
            (4)  the community development division; and
            (5)  any other division created by the director under
Section 2306.0521.
      (2)  Strike SECTIONS 1.27, 1.28, 1.40, and 1.41.
      (3)  On page 77, lines 6-8, strike ", of the Manufactured
Housing Board, or of the executive committee of the Office of Rural
Community Affairs" and substitute "or of the Manufactured Housing
Board".
      (4)  On page 77, line 9, strike ", 2306.6011, or 487.023" and
substitute "or 2306.6011".
      (5)  In Article 3 of the bill, add an appropriately numbered
SECTION to read as follows and renumber existing SECTIONS
accordingly:
      SECTION ___. (a)  Chapter 2306, Government Code, is amended
by adding Section 2306.806 to Subchapter HH, as added by this Act,
to read as follows:
      Sec. 2306.806.  APPROVAL OF OFFICE OF RURAL COMMUNITY
AFFAIRS. The department must obtain the approval of the executive
director of the Office of Rural Community Affairs to guarantee
loans as described by Section 2306.805(c).
      (b)  This section takes effect only if H.B. No. 7, Acts of
the 77th Legislature, Regular Session, 2001, becomes law.  If that
bill does not become law, this section has no effect.
      (6)  On page 103, between lines 16 and 17, insert the
following subsection:
      (g)  The outstanding balance of Section 108 loan guarantees
issued as described by Section 2306.805(c), Government Code, as
added by this Act, may not exceed $10 million.  This subsection
expires December 31, 2004.