Amend HB 398, second reading engrossment, as follows:                        
	(1)  On page 2, lines 16-17, strike "Subsection (d-1)" and 
substitute "Subsections (d-1) and (f)".
	(2)  On page 2, lines 21-22, strike ", other than existing 
housing for persons of extremely low to moderate income,".
	(3)  On page 3, between lines 23 and 24, insert the following:                 
	(f)  This section does not apply to the acquisition of:                 
		(1)  existing multifamily rental housing, if any part of 
that housing is reserved for persons of extremely low to moderate 
income; or
		(2)  a permit, certificate, or other authorization 
required for the occupancy or operation of any part of existing 
multifamily rental housing described by Subsection (1).
	(4)  On page 4, between lines 15 and 16, insert the following:                 
	(c)  This section does not apply to the acquisition of 
existing multifamily rental housing, if any part of that housing is 
reserved for persons of extremely low to moderate income.
	(5)  On page 5, line 2, following the period, add "This 
subsection does not apply to the disposal of existing multifamily 
rental housing if any part of that housing is reserved for persons 
of extremely low to moderate income."