Bill

HB 2075

83(R) - 2013
Read Bill & Check Bill Status
Business, Industry, & Commerce

Vote Recommendation

Yes
  • Neutral
  • Neutral
  • Positive
  • Positive
  • Neutral

Author(s)

Rafael Anchia

Bill Caption

Relating to the operation of certain condominium unit owners' associations.

Fiscal Notes

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

Bill Analysis

Summary: HB 2075 would allow greater flexibility for condominium associations to borrow money to make repairs following a natural disaster.

Analysis: The property code highly regulates condominium associations. Unfortunately these regulations, which are ostensibly for the protection of condominium owners, prevent the associations from taking necessary steps to restore property damaged in a disaster. HB 2075 would update statute to allow the associations to take on debt to make necessary repairs. This legislation would enable boards to more thoroughly handle their responsibilities. We support HB 2075.