TX SB1883

Requires political subdivisions to make land use assumptions and capital improvement plans available to the public at least 60 days before the first publication of hearing notices, increased from the previous requirement of "on or before" the publication date

Mandates a two-thirds majority vote of the governing body to approve the imposition of an impact fee, and prohibits increasing impact fees for three years after adoption or the most recent increase

Increases advisory committee membership requirements from 40% to 50% for representatives from real estate, development, or building industries, and eliminates the option for planning and zoning commissions to serve as the advisory committee

Requires an independent financial audit by a licensed CPA before increasing existing impact fees or adopting new fees in service areas with prior impact fees, with the audit detailing funds collected, interest accumulated, unspent funds, waivers, refunds, and calculation errors

Authorizes the attorney general to bring legal action on behalf of property owners to contest impact fees or recover refunds, and extends the timeline for governing bodies to hold hearings on land use assumption updates from 60 to 120 days