By:  Jackson                                           S.B. No. 620
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to extension of restrictions imposing regular assessments
 1-3     in certain residential real estate subdivisions.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 206.002, Property Code, is amended to
 1-6     read as follows:
 1-7           Sec. 206.002.  APPLICABILITY OF CHAPTER.  This chapter
 1-8     applies only to:
 1-9                 (1)  a residential real estate subdivision that:
1-10                       (A) [(1)]  consists of at least 4,600 homes;
1-11                       (B) [(2)]  is located in whole or in part in a
1-12     municipality with a population of more than 1.6 million located in
1-13     a county with a population of 2.8 million or more; and
1-14                       (C) [(3)]  has restrictions the terms of which
1-15     are automatically extended but has a regular assessment that is
1-16     established by a separate document that permits the assessment to
1-17     expire and does not provide for extension of the term of the
1-18     assessment; or
1-19                 (2)  a residential real estate subdivision that:
1-20                       (A)  consists of at least 750 homes;
1-21                       (B)  is located in two adjacent municipalities in
1-22     a county with a population of 2.8 million or more; and
1-23                       (C)  has use restrictions the terms of which are
1-24     automatically extended but has a regular assessment that is
1-25     established by two separate documents that permit the assessment to
 2-1     expire and do not provide for extension of the term of the
 2-2     assessment.
 2-3           SECTION 2.  This Act takes effect September 1, 2001.