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CS/CS/HB 669: Improvements to Real Property

GENERAL BILL by Commerce Committee ; Ways & Means Committee ; Fine

Improvements to Real Property; Authorizes residential or commercial property owner to apply to qualifying improvement program for funding to finance improvement & to enter into financing agreement with local government or program administrator; specifies requirements of financing agreement for government commercial property; revises requirements for local governments & program administrators when determining eligibility for assessment financing; revises requirements for qualifying improvements; revises calculation of non-ad valorem assessment limits; specifies underwriting, financing estimate, disclosure, & confirmation requirements for local governments & program administrators; restricts what improvements may be covered in certain agreements between local governments or program administrators & commercial property owners; specifies requirements for, & certain prohibited acts by, program administrators relating to financing agreements & contractors for qualifying improvements to residential property.

Effective Date: 7/1/2023
Last Action: 5/5/2023 House - Died on Second Reading Calendar
Bill Text: PDF



Bill History

Date Chamber Action
2/8/2023 House • Filed
2/14/2023 House • Referred to Energy, Communications & Cybersecurity Subcommittee
• Referred to Local Administration, Federal Affairs & Special Districts Subcommittee
• Referred to Ways & Means Committee
• Referred to Commerce Committee
• Now in Energy, Communications & Cybersecurity Subcommittee
3/3/2023 House • Added to Energy, Communications & Cybersecurity Subcommittee agenda
3/7/2023 House • Favorable by Energy, Communications & Cybersecurity Subcommittee
• Reported out of Energy, Communications & Cybersecurity Subcommittee
• Now in Local Administration, Federal Affairs & Special Districts Subcommittee
• 1st Reading (Original Filed Version)
3/13/2023 House • Added to Local Administration, Federal Affairs & Special Districts Subcommittee agenda
3/15/2023 House • Favorable by Local Administration, Federal Affairs & Special Districts Subcommittee
• Reported out of Local Administration, Federal Affairs & Special Districts Subcommittee
• Now in Ways & Means Committee
4/10/2023 House • Added to Ways & Means Committee agenda
4/12/2023 House • Favorable with CS by Ways & Means Committee
• Reported out of Ways & Means Committee
4/13/2023 House • Laid on Table under Rule 7.18(a)
• CS Filed
• Referred to Commerce Committee
• Now in Commerce Committee
• 1st Reading (Committee Substitute 1)
4/23/2023 House • PCS added to Commerce Committee agenda
4/24/2023 House • Favorable with CS by Commerce Committee
• Reported out of Commerce Committee
4/25/2023 House • Laid on Table under Rule 7.18(a)
• CS Filed
• Bill referred to House Calendar
• 1st Reading (Committee Substitute 2)
• Added to Second Reading Calendar
5/5/2023 House • Died on Second Reading Calendar