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AN ACT
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relating to exempting certain community development corporations |
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from the Texas Residential Construction Commission Act. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 401.003, Property Code, is amended by |
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adding Subsection (d) to read as follows: |
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(d) The term does not include a nonprofit business entity |
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that is exempt from taxation under Section 501(c)(3), Internal |
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Revenue Code, if: |
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(1) the construction or supervision or management of |
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the construction of the home, material improvement, or improvement |
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sold by the nonprofit business entity is performed by a builder |
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registered under this title; |
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(2) the builder contractually agrees to comply with |
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the provisions of this title; |
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(3) the builder is contractually liable to the |
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homeowner for the warranties and building and performance standards |
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of this title; and |
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(4) the nonprofit business entity does not participate |
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directly in the construction of the home, material improvement, or |
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improvement. |
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SECTION 2. (a) This Act applies only to the following that |
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are filed on or after the effective date of this Act: |
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(1) an application for a building permit or |
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registration or certification as a builder; or |
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(2) a request for state-sponsored inspection and |
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dispute resolution. |
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(b) An application for a building permit or for registration |
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or certification as a builder or a request for state-sponsored |
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inspection and dispute resolution that was filed before the |
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effective date of this Act is governed by the law as it existed |
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immediately before the effective date of this Act, and that law is |
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continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2007. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 2936 was passed by the House on May |
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11, 2007, by the following vote: Yeas 138, Nays 0, 3 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 2936 was passed by the Senate on May |
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23, 2007, by the following vote: Yeas 30, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |