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HB 1221, if passed, would modify the Property Code (Section 5.008) to add an additional requirement of notice regarding a disclosure of real property subject to groundwater regulation. Namely, the bill would require that real property located within a groundwater conservation district, a subsidence district, or other special purpose district with the authority to regulate the withdrawal of groundwater have a disclaimer which states that this is the case.
HB 1221 does not create a new form, but rather adds one line to the notice which is already required under the Property Code. On the one hand, the bill could be regarded as a form of consumer protection. On the other, we are inclined to believe that those doing their due diligence should be aware of the various special districts in Texas. Ultimately, because of the minor change made, and because the property regime itself is not substantively modified, we are neutral on HB 1221.