Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 1407 allows condominium developers to withdraw escrow deposits for unit reservations to cover construction costs, provided they obtain a surety bond or insurance. It establishes safeguards for purchasers while permitting developers to access funds to advance projects​.
Author (1)
Tan Parker
Contact the Author
Sen. Tan Parker
Capitol Phone:
(512) 463-0112
Capitol Office:
EXT E1.608
E-Mail:
