Amend CSHB 1 (house committee printing) as follows:

(1)  In Article VII of the bill, following the appropriations to the Department of Housing and Community Affairs (page VII-8), add the following appropriately numbered rider:

____.  Contingent Appropriation: Audits of Certain Public Facility Corporations' (PFC) Multifamily Residential Developments. Contingent on the enactment of HB 3568 or similar legislation of the 88th Legislature, Regular Session, 2023, relating to audits of PFC multifamily residential developments:

(1)  the amount of $441,000 is appropriated to the Department of Housing and Community Affairs, for Strategy F.1.1, Central Administration, for the fiscal year ending August 31, 2024, for the purpose of:

(A)  salaries for two FTEs to conduct audits of PFC multifamily residential developments; and

(B)  programming expenses related to modifying tax systems relating to audits of PFC multifamily residential developments;

(2)  the amount of $153,000 is appropriated to the Department of Housing and Community Affairs, for Strategy F.1.1, Central Administration, for the fiscal year ending August 31, 2025, for the purpose of salaries for two FTEs to conduct audits of PFC multifamily residential developments; and

(3)  each appropriation of general revenue made in this Act, other than the appropriations made to the Department of Housing and Community Affairs for Strategy F.1.1, is proportionally reduced by the amounts necessary to achieve a total reduction in appropriations of $594,000 for the state fiscal biennium ending August 31, 2025.

(2)  Adjust article totals and methods of financing accordingly.