By Park                                                H.B. No. 267
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to auditing records of a condominium regime.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 81.209(c), Property Code, is amended to
    1-5  read as follows:
    1-6        (c)  The books and records of a condominium regime must
    1-7  comply with generally accepted accounting principles <good
    1-8  accounting procedures> and must be audited at least once each year
    1-9  by an auditor who is not associated with the condominium regime and
   1-10  who is a certified public accountant.
   1-11        SECTION 2.  The importance of this legislation and the
   1-12  crowded condition of the calendars in both houses create an
   1-13  emergency and an imperative public necessity that the
   1-14  constitutional rule requiring bills to be read on three several
   1-15  days in each house be suspended, and this rule is hereby suspended,
   1-16  and that this Act take effect and be in force from and after its
   1-17  passage, and it is so enacted.