By: Hegar S.B. No. 2481
A BILL TO BE ENTITLED
AN ACT
relating to certain fees for future transfer of real property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subsection (c), Section 5.017, Property Code, is
amended to read as follows:
(c) This section does not apply to a deed restriction or
other covenant running with the land that requires a fee associated
with the conveyance of property [in a subdivision] that is payable:
(1) to:
(A) [(1)] a property owners' association that
manages or regulates the subdivision or the association's managing
agent if the subdivision contains more than one platted lot;
(B) [(2)] an entity organized under Section
501(c)(3), Internal Revenue Code of 1986; [or]
(C) [(3)] a governmental entity; or
(D) an entity other than a property owners'
association that operates a golf course and country club in or
adjacent to the subdivision if property owners in the subdivision
are required by deed restriction to obtain and maintain a
membership in the golf course and country club; or
(2) for the benefit or in consideration of a
conservation easement created under Chapter 183, Natural Resources
Code, located in a county with a population of at least 500,000 and
not more than one million.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2009.