Subscribe to receive our Floor Reports covering all the action on the Texas House and Senate floor!
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.