82R13725 EES-F
By: Geren, Flynn, King of Parker H.B. No. 1616
Substitute the following for H.B. No. 1616:
By: Berman C.S.H.B. No. 1616
A BILL TO BE ENTITLED
AN ACT
relating to the reporting of political contributions and
expenditures.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 254.031(a), Election Code, is amended to
read as follows:
(a) Except as otherwise provided by this chapter, each
report filed under this chapter must include:
(1) the amount of political contributions from each
person that in the aggregate exceed $50 and that are accepted during
the reporting period by the person or committee required to file a
report under this chapter, the full name and address of the person
making the contributions, and the dates of the contributions;
(2) the amount of loans that are made during the
reporting period for campaign or officeholder purposes to the
person or committee required to file the report and that in the
aggregate exceed $50, the dates the loans are made, the interest
rate, the maturity date, the type of collateral for the loans, if
any, the full name and address of the person or financial
institution making the loans, the full name and address, principal
occupation, and name of the employer of each guarantor of the loans,
the amount of the loans guaranteed by each guarantor, and the
aggregate principal amount of all outstanding loans as of the last
day of the reporting period;
(3) the amount of political expenditures that in the
aggregate exceed $50 and that are made during the reporting period,
the full name and address of the persons to whom the expenditures
are made, and the dates and purposes of the expenditures;
(4) the amount of each payment made during the
reporting period from a political contribution if the payment is
not a political expenditure, the full name and address of the person
to whom the payment is made, and the date and purpose of the
payment;
(5) the total amount or a specific listing of the
political contributions of $50 or less accepted and the total
amount or a specific listing of the political expenditures of $50 or
less made during the reporting period;
(6) the total amount of all political contributions
accepted and the total amount of all political expenditures made
during the reporting period;
(7) the name of each candidate or officeholder who
benefits from a direct campaign expenditure made during the
reporting period by the person or committee required to file the
report, and the office sought or held, excluding a direct campaign
expenditure that is made by the principal political committee of a
political party on behalf of a slate of two or more nominees of that
party; [and]
(8) as of the last day of a reporting period for which
the person is required to file a report, the total amount of
political contributions accepted, including interest or other
income on those contributions, maintained in one or more accounts
in which political contributions are deposited as of the last day of
the reporting period;
(9) the following amounts received during the
reporting period:
(A) any credit, interest, rebate, refund,
reimbursement, or return of a deposit fee resulting from the use of
a political contribution or an asset purchased with a political
contribution;
(B) any proceeds of the sale of an asset or
investment purchased with a political contribution; and
(C) any other gain received from a political
contribution; and
(10) the full name and address of each person from whom
an amount described by Subdivision (9) is received, the date the
amount is received, and the purpose for which the amount is
received.
SECTION 2. Section 305.005, Government Code, is amended by
adding Subsection (l) to read as follows:
(l) The registration form must include the full name and
address of each person who compensates or reimburses the registrant
for any reason from:
(1) a political contribution as defined by Title 15,
Election Code;
(2) interest received from a political contribution as
defined by Title 15, Election Code; or
(3) an asset purchased with a political contribution
as defined by Title 15, Election Code.
SECTION 3. (a) Section 254.031(a), Election Code, as
amended by this Act, applies only to a report under Chapter 254,
Election Code, that is required to be filed on or after the
effective date of this Act. A report under Chapter 254, Election
Code, that is required to be filed before the effective date of this
Act is governed by the law in effect on the date the report is
required to be filed, and the former law is continued in effect for
that purpose.
(b) Section 305.005(l), Government Code, as added by this
Act, applies only to compensation or reimbursement received by a
registrant under Chapter 305, Government Code, on or after the
effective date of this Act.
SECTION 4. This Act takes effect September 1, 2011.