LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

May 18, 2009

TO:	Honorable Joe Deshotel, Chair, House Committee on Business & Industry
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	SB237 by West (Relating to certain procedures and requirements for the operation of property owners' associations.), As Engrossed

No significant fiscal implication to the State is anticipated.

The bill would amend the Property Code relating to certain procedures, powers, and operations of property owners' associations. Property owners' associations are not units of local government; however, certain procedures would require certain filings by associations with county clerks. In addition, the bill would require the Supreme Court of Texas to adopt rules establishing expedited foreclosure proceedings for use by a property owners' association in foreclosing an assessment lien of the association. The court would be required to adopt rules by not later than January 1, 2010. 

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

LBB Staff:

JOB, JRO, DB