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TX HB3871
Bill
Status
3/5/2025
Primary Sponsor
Matthew Shaheen
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AI Summary
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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
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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
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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
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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