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Texas
- ARDA was successful in
passing SB 1036 containing several technical corrections and additions
to the 2005 Timeshare Act, including permitting the Texas Real Estate
Commission to accept an abbreviated filing forany out-of-state timeshare accommodation, allowing developers to
use such terms as “vacation ownership” in disclosures, and
adding a new section requiring timeshare interests to be conveyed
“free and clear” to consumers—similar to provisions in
most other states.
- ARDA also successfully
amended SB 1638. The bill would have allowed a recreational district
near San Antonio to
impose a tax on transient rentals to support water-oriented
recreation. ARDA amended the bill to correct problematic language
regarding collection of the tax on rentals by any timeshare managing
entities.
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