Amend HB 398 by adding a new Section 4 as follows and 
renumbering the subsequent sections.
	SECTION 4. Section 392.056(c), Local Government Code, is 
amended, and a new subsection (f) is added, as follows:
	(c) Except as prohibited in subsection (f) of this section,
an authority may sell, lease, exchange, transfer, assign, pledge, 
or grant an option on the authority's real property or personal 
property and may insure or provide for the insurance of the 
authority's real property, personal property, or operations 
against risks or hazards.
	(d) Regardless of whether the debt is incurred by the 
authority, an authority may procure insurance or guarantees from 
the federal government of the payment of a debt, or part of a debt, 
secured by a mortgage on property included in a housing project.
	(e) Another law with respect to the acquisition, operation, 
or disposition of property by another public body does not apply to 
a housing authority unless specifically provided by the 
legislature.
	(f) An authority may not demolish, or otherwise dispose of a 
public housing project or a portion of a public housing project, 
until written approval, as required in Sec. 392.0545(b), has been 
secured for a site or sites on which replacement housing units will 
be provided under terms of comparable tenant eligibility.