Texas House Bill HB4419

Texas 2009 - 81st Regular

• Out of House Committee: 5/6/09

Caption

Relating to money contributed to the secretary of state for officeholder purposes.

Impact

The bill aims to enhance financial transparency by requiring the Secretary of State to prepare an annual report detailing all financial activities related to the special fund. This includes tracking all contributions received, expenditures made, and ensuring compliance with existing statutes. Additional measures include that any financial transactions carried out from this fund will be subject to an annual audit by the state auditor. Such practices are designed to foster accountability in the management of funds and assure the public of proper stewardship by the office.

Summary

House Bill 4419 concerns the handling of contributions made to the Secretary of State of Texas for officeholder purposes. This bill amends existing provisions in the Government Code, specifically targeting sections related to the acceptance and usage of gifts, grants, and donations by the Secretary of State. It establishes a special fund termed the secretary of state extraordinary fund, which is to be managed and invested by the comptroller. The fund will hold money and securities donated to the Secretary of State, with strict guidelines on how these contributions can be used and reported.

Contention

While the bill establishes clearer regulations and improves oversight, there are potential points of contention regarding the limitations on the Secretary of State's discretion to decline certain donations. Critics may contend that such restrictions could hinder beneficial contributions aimed at supporting democratic processes or civic engagement activities. Moreover, the requirement for reporting and audits may raise concerns among certain political contributors about the level of scrutiny applied to their donations, which could affect their willingness to support the office in the future.