State
BY EMILY LINCKE, JESSICA SHORTEN & AUBREY VOGEL
3 legislative updates from Houston-area lawmakers
The 89th Texas legislative session has passed the 60-day mark, halting bill filing after the March 14 deadline. Houston-area lawmakers have worked on hundreds of the nearly 9,000 bills filed with priorities including flood control, toll road funding and real estate. The session is scheduled to end June 2, unless a special session is called. Check out some of the bills filed by Houston-area lawmakers this legislative session. 1 Proposal could expand flood control district’s boundaries House Bill 2068 would allow counties adjacent to Harris County to request to join the Harris County Flood Control District. The bill, filed by Rep. Dennis Paul, R-Houston, would also remove Harris County Commissioners Court as the HCFCD’s governing body. Under the bill, a five-member HCFCD board would consider requests to join the district from commissioners courts. Requests would need to be approved through an election.
3 New bills target corporate, investment firm ownership of single-family homes Rep. Juan Hinojosa, D-McAllen, filed
2 Bill seeks to distribute toll funds among county precincts Senate Bill 2722 aims to change the way collected toll funds are distributed in counties such as Harris County with populations of 4 million or more. The bill, filed by Sen. Paul Bettencourt, R-Houston, restricts the use of revenue collected for toll roads to pay off debt related to operating, expanding, maintaining and administering services, according to draft legislation. Toll revenue fund allocations According to draft legislation, the remaining funding should be allocated between: County commissioners: 65% Municipalities
House Bills 2334 and 2910 in February, which would prohibit private investment firms from owning single-family homes and corporations from owning more than 10 single-family homes for rental purposes. The bills were moving through the House’s Trade, Workforce & Economic Development committee in late March, with Senate Bill 443 filed as a companion bill. Institutional investor market share of residential purchases in 2021
28% 29% 29% 38% 13%
National Texas Fort Bend County Harris County Montgomery County
responsible for 40% or more of a toll road: 30% Misc. road-related projects: 5%
SOURCE: TEXAS LEGISLATURE ONLINE/COMMUNITY IMPACT
SOURCE: MAY 2022 NATIONAL ASSOCIATION OF REALTORS STUDY/COMMUNITY IMPACT
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SUGAR LAND - MISSOURI CITY EDITION
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