| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Ashby H.B. No. 3974 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | A BILL TO BE ENTITLED | |
| 5 | 5 | AN ACT | |
| 6 | 6 | relating to the eligibility of an individual, company, or | |
| 7 | 7 | corporation to purchase lots within an association or subdivision | |
| 8 | 8 | under the Texas Residential Property Owners Protection Act. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Title 11, Chapter 209, Property Code, is amended | |
| 11 | 11 | by adding Section 209.0065 to read as follows: | |
| 12 | 12 | Sec. 209.0065. ELIGIBILITY TO PURCHASE LOT. (a) No | |
| 13 | 13 | individual, company, or corporation may purchase more than one lot | |
| 14 | 14 | or tract of land within a subdivision until all assessments, fines, | |
| 15 | 15 | or other fees related to ownership, as defined in the deeds, | |
| 16 | 16 | restrictions, recorded documents, or public records of the | |
| 17 | 17 | association or subdivision are paid in full. | |
| 18 | 18 | SECTION 2. This Act takes effect immediately if it receives | |
| 19 | 19 | a vote of two-thirds of all the members elected to each house, as | |
| 20 | 20 | provided by Section 39, Article III, Texas Constitution. If this | |
| 21 | 21 | Act does not receive the vote necessary for immediate effect, this | |
| 22 | 22 | Act takes effect September 1, 2017. |