Amend CSSB 507 in SECTION 1 of the bill, in added Chapter 209, Property Code (House Committee Printing, page 17, between lines 9 and 10) by adding a new Section 209.013 to read as follows: Sec. 209.013. COMMUNITY ASSESSMENT FUND. (a) A property owners' association shall assess a fee in an amount not greater than $5 for each residential lot in the residential subdivision to establish a fund for the purpose of assisting property owners who are financially unable to make timely payment of the property owners' association's assessments. (b) Unless otherwise provided by a written agreement with the governing board of the property owners' association, a disbursement from the fund to a property owner is considered a loan. (c) The property owners' association shall send written notice to each property owner in the residential subdivision: (1) informing the property owner that the fund has been established; and (2) explaining the procedures for accessing the fund. (d) The property owners' association shall make a report regarding the status of the fund at each regular meeting of the association. The association is not required to report the name of individuals accessing the fund, but must report the number of properties that have accessed the fund for payment of assessments. (e) The property owners' association shall assess the fee prescribed by Subsection (a) until the balance of the fund is equal to 10 percent of the total amount of the annual assessments for the residential subdivision. If the balance of the fund falls below seven percent of the total amount of the annual assessments, the association shall continue to assess the $5 fee until the balance of the fund is equal to 10 percent of the total amount of the annual assessments for the residential subdivision.