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.