Texas Senate Bill SR296

Texas 2009 - 81st Regular

• Introduced: 2/24/09
• Enrolled: 2/24/09
• Passed: 2/24/09

Caption

Recognizing the Real Estate Councils of Texas for its dedication to the real estate industry in Texas.

Impact

The resolution points out the substantial impact of the real estate sector on the Texas economy, noting that it generates over $3.8 billion in tax revenue and supports approximately 1.75 million jobs. The Real Estate Councils of Texas aim to promote sound public policy and educate lawmakers about the implications of legislative and regulatory measures on the industry. This advocacy is vital in ensuring that the concerns and needs of the real estate sector are adequately represented in policy discussions.

Summary

Senate Resolution No. 296 recognizes the Real Estate Councils of Texas for their significant contribution to the state's real estate industry. Established in September 2008, this coalition includes real estate development associations from major Texas cities such as Austin, Dallas, Fort Worth, Houston, and San Antonio. The resolution highlights their role in monitoring and advocating for legislative issues that affect the industry, emphasizing the need for a unified voice in addressing the complex needs of real estate development in Texas.

Contention

While the resolution itself is largely a commendation without notable contention, it raises awareness about the importance of having dedicated advocacy for the real estate industry. The significance of real estate development in driving economic activity and job creation in Texas is underscored, suggesting that policies favoring the industry's growth could further augment its contributions to the state's economy. However, this also opens the floor for discussions about balancing development with community needs and environmental considerations.