Amend HB 3451 by adding the following appropriately numbered
SECTION and by renumbering existing SECTIONS accordingly:
      SECTION __.  (a)  Subchapter y, Chapter 2306, Government
Code, is amended by adding Sections 2306.5551 and 2306.5552 to read
as follows:
      Sec. 2306.5551.  BOARD DELEGATION OF AUTHORITY TO ISSUE BONDS
OR OTHER OBLIGATIONS.  (a)  The board of directors of the
corporation may delegate to a member of the board or to an employee
of the corporation the authority to enter into a contract to issue
bonds or other obligations for the corporation.
      (b)  The person to whom contract authority is delegated under
this section shall report to the board as frequently as considered
necessary by the board all of the person's activities relating to
the issuance of bonds or other obligations.
      Sec. 2306.5552.  TECHNICAL AND FINANCIAL ASSISTANCE PROVIDED
TO NONPROFIT ORGANIZATIONS.  The corporation shall supplement the
technical and financial capacity of other appropriate nonprofit
organizations to provide for the multifamily and single-family
housing needs of individuals and families of low, very low, and
extremely low income.