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H.B. No. 3407AN ACT relating to applying the open meetings and open records laws to certain property owners\' associations.BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:SECTION1. Subchapter
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HOAs (Homeowners Associations) are subject to various regulations and state laws that govern their operations, including adherence to community rules, governance standards, and financial management requirements.
Typically, the board members or the management companies of the HOA are required to file necessary documents related to the HOA's governance and financial status.
Filling out HOA documents generally involves gathering required information about the HOA's governance, membership, and financial data, and completing the appropriate forms, often available through state regulatory agencies.
The purpose of filing HOA-related documents is to ensure transparency, compliance with state laws, and to maintain proper governance of the community.
Commonly reported information includes the HOA's financial statements, membership lists, meeting minutes, and any changes to rules or bylaws.
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