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TX HB3871

Bill

Status

Introduced

3/5/2025

Primary Sponsor

Matthew Shaheen

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Requires property owners' associations to obtain an independent audit of their financial records annually and provide a copy of the audit to each association member

  • Mandates that audits be performed by a certified public accountant if required by the association's bylaws, a vote of the board, or a majority vote of members at an association meeting

  • Limits voting on whether to require a CPA audit to one vote per member, regardless of how many lots they own, overriding any contrary provisions in the association's dedicatory instruments

  • Takes effect September 1, 2025

Legislative Description

Relating to the audit of the financial records of certain property owners' associations.

Property Interests

Last Action

Referred to Trade, Workforce & Economic Development

3/27/2025

Committee Referrals

Trade, Workforce & Economic Development3/27/2025

Full Bill Text

No bill text available