Amend Floor Amendment No. 63 by Branch as follows: (1) On page 5, amend proposed Subsection (g) as follows: Between "purchaser" and "transferee", strike the comma and insert "or". Between "transferee" and "to purchase", strike "heir or devisee". (2) On page 6, amend proposed Subsection (g) as follows: Between "form waiver" and ".", insert "unless the transferee is an heir or devisee". After "property is sold or transferred.", insert "If a lien holder acquires a leasehold estate through foreclosure, deed in lieu of foreclosure, voluntary surrender through bankruptcy, involuntary surrender through bankruptcy, or any other transfer that relates to a lien holder's rights, the lien holder is exempt from this subsection for five years after the date of acquisition of the leasehold estate. Any subsequent transfer of the leasehold estate by the lien holder to another party is exempt from this subsection, and the transferred lease continues in effect for the remainder of its term." (3) On page 9, strike proposed Subsection (u), and replace with new proposed Subsection (u) as follows: (u) The authority may use the proceeds from the sale of lots under this section for any authority purpose. (4) Add the following appropriately ordered Subsection: ( ) The prospective purchaser at closing shall pay any indebtedness secured by a lien on the property or execute a document provided by the lien holder that grants the lien holder a lien on the fee simple estate in the lot that has the same priority as the lien in the leasehold estate. The prospective purchaser may not grant a purchase money lien on the fee simple estate in the lot without the express written consent of the holder of the lien on the leasehold estate in the lot. (4) Add a new SECTION ____ as follows: SECTION ____. (a) Except as provided by Subsection (b) of this section, Section 221.020, Water Code, as added by this Act, takes effect September 1, 2007. (b) Section 221.020(g), Water Code, as added by this Act, takes effect September 1, 2011.