Amend SB 447 as follows:                                                     
	(1)  In SECTION 1 of the bill, proposed Section 274.001, 
Local Government Code (committee printing, page 1, lines 8 through 
13), strike Subdivision (1) and substitute:
		(1)  "Date of sale" means the date the tax receivable 
sale and purchase agreement is signed.
	(2)  In SECTION 1 of the bill, strike proposed Sections 
274.006-274.008, Local Government Code (committee printing, page 
4, line 7 through page 6, line 13), and substitute:
	Sec. 274.006.  METHOD OF SALE.  A sale of a tax receivable 
under this chapter may only be made through a negotiated sale to the 
bank, credit union, or savings association selected by the local 
government to provide depository services to the local government 
under a depository services contract.
	(3)  In SECTION 1 of the bill, proposed Section 274.010(a), 
Local Government Code (committee printing, page 6, lines 21 and 
22), strike "for which notice has been published".
	(4)  In SECTION 1 of the bill, strike proposed Section 
274.017, Local Government Code (committee printing, page 12, lines 
14 through 20).
	(5)  In SECTION 1 of the bill, renumber existing sections of 
proposed Chapter 274, Local Government Code, as appropriate.