Tex.
Prop. Code Section 215.005
Board Powers
(1)
adopt and amend bylaws;(2)
adopt and amend budgets for revenues, expenditures, and reserves and collect assessments for common expenses from property owners;(3)
adopt reasonable rules;(4)
hire and terminate managing agents and other agents, employees, and independent contractors;(5)
institute, defend, intervene in, settle, or compromise litigation or administrative proceedings on matters affecting a property governed by the association;(6)
make contracts and incur liabilities relating to the operation of the association;(7)
regulate the use, maintenance, repair, replacement, modification, and appearance of the property governed by the association;(8)
make improvements to be included as a part of the common area;(9)
acquire, hold, encumber, and convey in its own name any right, title, or interest to real or personal property;(10)
purchase an investment property that is not part of the common area;(11)
grant easements, leases, licenses, and concessions through or over the common elements;(12)
impose and receive payments, fees, or charges for the use, rental, or operation of the common area and for services provided to property owners;(13)
impose interest, late charges, and, if applicable, returned check charges for late payments of regular assessments or special assessments;(14)
charge costs to an owner’s assessment account and collect the costs in any manner provided in the restrictions for the collection of assessments;(15)
adopt and amend rules regulating the collection of delinquent assessments;(16)
impose reasonable charges for preparing, recording, or copying amendments to resale certificates or statements of unpaid assessments;(17)
purchase insurance and fidelity bonds, including directors’ and officers’ liability insurance, that the board considers appropriate or necessary;(18)
subject to the requirements of the provisions described by Section 1.008 (Short Titles)(d), Business Organizations Code, and by majority vote of the board, indemnify a director or officer of the association who was, is, or may be made a named defendant or respondent in a proceeding because the person is or was a director or officer;(19)
if the restrictions vest the architectural control authority in the association:(A)
implement written architectural control guidelines for its own use, or record the guidelines in the real property records of the applicable county; and(B)
modify the guidelines as the needs of the development change;(20)
exercise self-help with regard to property governed by the association;(21)
exercise other powers conferred by the dedicatory instruments;(22)
exercise other powers necessary and proper for the governance and operation of the association; and(23)
exercise any other powers that may be exercised in this state by a corporation of the same type as the association.
Source:
Section 215.005 — Board Powers, https://statutes.capitol.texas.gov/Docs/PR/htm/PR.215.htm#215.005 (accessed Jun. 5, 2024).
