By: Farney, et al. (Senate Sponsor - Huffman) H.B. No. 257
(In the Senate - Received from the House May 11, 2015;
May 12, 2015, read first time and referred to Committee on State
Affairs; May 21, 2015, reported favorably by the following vote:
Yeas 9, Nays 0; May 21, 2015, sent to printer.)
Click here to see the committee vote
A BILL TO BE ENTITLED
AN ACT
relating to a judge's or justice's significant interest in a
business entity that owns, manages, or operates a private
correctional or rehabilitation facility.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 21.010(b), Government Code, is amended
to read as follows:
(b) A justice or judge is considered to have a significant
interest in a business entity described by Subsection (a) for
purposes of this section if:
(1) the justice or judge owns any voting stock or share
or has a direct investment in the business entity [that represents
the lesser of at least 10 percent or $15,000 of the fair market
value of the business entity]; or
(2) the justice or judge receives money from the
business entity.
SECTION 2. This Act takes effect January 1, 2017.
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