Relating to the formation of a municipal housing authority asset commission by certain municipal housing authorities.

SB 2605 creates a new "asset commission" for certain municipal housing authorities in Texas, specifically those operating in counties with 800,000+ population on the international border or municipalities with 600,000+ population within such counties. The commission, composed of five members with strict qualifications (e.g., licensed real estate brokers with 5+ years in multifamily housing, CPAs, or executives managing 5,000+ housing units), must approve major financial decisions for the housing authority. Members face strict conflict-of-interest rules prohibiting ties to the housing authority or local government, and must disclose any financial interests. The bill establishes compensation for members and removal procedures for misconduct, but does not change housing policies or funding.