The bill, H.B. No. 140, proposes the repeal of Section 202.024 of the Property Code, which currently prohibits property owners' associations from imposing rental restrictions based on a tenant's method of payment. This change aims to eliminate any limitations that associations may have on rental agreements tied to how rent is paid, potentially increasing flexibility for property owners and tenants.

If enacted, the bill will take effect 91 days after the conclusion of the legislative session. This legislative change reflects a shift towards allowing property owners' associations greater discretion in managing rental agreements without the constraints of the previous prohibition.

Statutes affected:
Introduced: Property Code 202.024 (Property Code 202)