1-1     By:  Jackson                                           S.B. No. 620
 1-2           (In the Senate - Filed February 8, 2001; February 12, 2001,
 1-3     read first time and referred to Committee on Intergovernmental
 1-4     Relations; March 1, 2001, reported favorably by the following vote:
 1-5     Yeas 5, Nays 0; March 1, 2001, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to extension of restrictions imposing regular assessments
 1-9     in certain residential real estate subdivisions.
1-10           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11           SECTION 1.  Section 206.002, Property Code, is amended to
1-12     read as follows:
1-13           Sec. 206.002.  APPLICABILITY OF CHAPTER.  This chapter
1-14     applies only to:
1-15                 (1)  a residential real estate subdivision that:
1-16                       (A) [(1)]  consists of at least 4,600 homes;
1-17                       (B) [(2)]  is located in whole or in part in a
1-18     municipality with a population of more than 1.6 million located in
1-19     a county with a population of 2.8 million or more; and
1-20                       (C) [(3)]  has restrictions the terms of which
1-21     are automatically extended but has a regular assessment that is
1-22     established by a separate document that permits the assessment to
1-23     expire and does not provide for extension of the term of the
1-24     assessment; or
1-25                 (2)  a residential real estate subdivision that:
1-26                       (A)  consists of at least 750 homes;
1-27                       (B)  is located in two adjacent municipalities in
1-28     a county with a population of 2.8 million or more; and
1-29                       (C)  has use restrictions the terms of which are
1-30     automatically extended but has a regular assessment that is
1-31     established by two separate documents that permit the assessment to
1-32     expire and do not provide for extension of the term of the
1-33     assessment.
1-34           SECTION 2.  This Act takes effect September 1, 2001.
1-35                                  * * * * *