Texas 2015 - 84th Regular

Texas Senate Bill SB736 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	84R9260 ATP-F
2	2	By: Taylor of Collin S.B. No. 736
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the disclosure on personal financial statements of
8	8	certain contracts with governmental entities.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 572.023, Government Code, is amended by
11	11	amending Subsection (b) and adding Subsection (e) to read as
12	12	follows:
13	13	(b) The account of financial activity consists of:
14	14	(1) a list of all sources of occupational income,
15	15	identified by employer, or if self-employed, by the nature of the
16	16	occupation, including identification of a person or other
17	17	organization from which the individual or a business in which the
18	18	individual has a substantial interest received a fee as a retainer
19	19	for a claim on future services in case of need, as distinguished
20	20	from a fee for services on a matter specified at the time of
21	21	contracting for or receiving the fee, if professional or
22	22	occupational services are not actually performed during the
23	23	reporting period equal to or in excess of the amount of the
24	24	retainer, and the category of the amount of the fee;
25	25	(2) identification by name and the category of the
26	26	number of shares of stock of any business entity held or acquired,
27	27	and if sold, the category of the amount of net gain or loss realized
28	28	from the sale;
29	29	(3) a list of all bonds, notes, and other commercial
30	30	paper held or acquired, and if sold, the category of the amount of
31	31	net gain or loss realized from the sale;
32	32	(4) identification of each source and the category of
33	33	the amount of income in excess of $500 derived from each source from
34	34	interest, dividends, royalties, and rents;
35	35	(5) identification of each guarantor of a loan and
36	36	identification of each person or financial institution to whom a
37	37	personal note or notes or lease agreement for a total financial
38	38	liability in excess of $1,000 existed at any time during the year
39	39	and the category of the amount of the liability;
40	40	(6) identification by description of all beneficial
41	41	interests in real property and business entities held or acquired,
42	42	and if sold, the category of the amount of the net gain or loss
43	43	realized from the sale;
44	44	(7) identification of a person or other organization
45	45	from which the individual or the individual's spouse or dependent
46	46	children received a gift of anything of value in excess of $250 and
47	47	a description of each gift, except:
48	48	(A) a gift received from an individual related to
49	49	the individual at any time within the second degree by
50	50	consanguinity or affinity, as determined under Subchapter B,
51	51	Chapter 573;
52	52	(B) a political contribution that was reported as
53	53	required by Chapter 254, Election Code; and
54	54	(C) an expenditure required to be reported by a
55	55	person required to be registered under Chapter 305;
56	56	(8) identification of the source and the category of
57	57	the amount of all income received as beneficiary of a trust, other
58	58	than a blind trust that complies with Subsection (c), and
59	59	identification of each trust asset, if known to the beneficiary,
60	60	from which income was received by the beneficiary in excess of $500;
61	61	(9) identification by description and the category of
62	62	the amount of all assets and liabilities of a corporation, firm,
63	63	partnership, limited partnership, limited liability partnership,
64	64	professional corporation, professional association, joint venture,
65	65	or other business association in which 50 percent or more of the
66	66	outstanding ownership was held, acquired, or sold;
67	67	(10) a list of all boards of directors of which the
68	68	individual is a member and executive positions that the individual
69	69	holds in corporations, firms, partnerships, limited partnerships,
70	70	limited liability partnerships, professional corporations,
71	71	professional associations, joint ventures, or other business
72	72	associations or proprietorships, stating the name of each
73	73	corporation, firm, partnership, limited partnership, limited
74	74	liability partnership, professional corporation, professional
75	75	association, joint venture, or other business association or
76	76	proprietorship and the position held;
77	77	(11) identification of any person providing
78	78	transportation, meals, or lodging expenses permitted under Section
79	79	36.07(b), Penal Code, and the amount of those expenses, other than
80	80	expenditures required to be reported under Chapter 305;
81	81	(12) any corporation, firm, partnership, limited
82	82	partnership, limited liability partnership, professional
83	83	corporation, professional association, joint venture, or other
84	84	business association, excluding a publicly held corporation, in
85	85	which both the individual and a person registered under Chapter 305
86	86	have an interest;
87	87	(13) identification by name and the category of the
88	88	number of shares of any mutual fund held or acquired, and if sold,
89	89	the category of the amount of net gain or loss realized from the
90	90	sale; [and]
91	91	(14) identification of each blind trust that complies
92	92	with Subsection (c), including:
93	93	(A) the category of the fair market value of the
94	94	trust;
95	95	(B) the date the trust was created;
96	96	(C) the name and address of the trustee; and
97	97	(D) a statement signed by the trustee, under
98	98	penalty of perjury, stating that:
99	99	(i) the trustee has not revealed any
100	100	information to the individual, except information that may be
101	101	disclosed under Subdivision (8); and
102	102	(ii) to the best of the trustee's knowledge,
103	103	the trust complies with this section; and
104	104	(15) if the aggregate cost of goods or services sold
105	105	under one or more written contracts described by this subdivision
106	106	exceeds $10,000 in the year covered by the report, identification
107	107	of each written contract, including the name of each party to the
108	108	contract:
109	109	(A) for the sale of:
110	110	(i) goods in the amount of $2,500 or more;
111	111	or
112	112	(ii) services, including professional
113	113	services as defined by Section 2254.002, consulting services as
114	114	defined by Section 2254.021, or legal counsel, in the amount of
115	115	$5,000 or more;
116	116	(B) to which the individual, the individual's
117	117	spouse, the individual's dependent child, or any business entity of
118	118	which the individual, the individual's spouse, or the individual's
119	119	dependent child has at least a 50 percent ownership interest is a
120	120	party; and
121	121	(C) with:
122	122	(i) a governmental entity; or
123	123	(ii) a person who contracts with a
124	124	governmental entity, to fulfill one or more of the person's
125	125	obligations to the governmental entity under that contract.
126	126	(e) In this section, "governmental entity" means the state,
127	127	a political subdivision of the state, or an agency or department of
128	128	the state or a political subdivision of the state.
129	129	SECTION 2. The change in law made by this Act to Section
130	130	572.023, Government Code, applies only to a financial statement
131	131	filed under Subchapter B, Chapter 572, Government Code, as amended
132	132	by this Act, on or after January 1, 2017. A financial statement
133	133	filed before January 1, 2017, is governed by the law in effect on
134	134	the date of filing, and the former law is continued in effect for
135	135	that purpose.
136	136	SECTION 3. This Act takes effect January 1, 2016.