Texas 2017 - 85th Regular

Texas House Bill HB4119 Compare Versions

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

Old	New	Differences
1	1	By: Fallon H.B. No. 4119
2	2
3	3
4	4	A BILL TO BE ENTITLED
5	5	AN ACT
6	6	relating to the disclosure of family members engaged in lobbying
7	7	activities in personal financial statements filed by public
8	8	officers and candidates.
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) to read as follows:
12	12	(b) The account of financial activity consists of:
13	13	(1) a list of all sources of occupational income,
14	14	identified by employer, or if self-employed, by the nature of the
15	15	occupation, including identification of a person or other
16	16	organization from which the individual or a business in which the
17	17	individual has a substantial interest received a fee as a retainer
18	18	for a claim on future services in case of need, as distinguished
19	19	from a fee for services on a matter specified at the time of
20	20	contracting for or receiving the fee, if professional or
21	21	occupational services are not actually performed during the
22	22	reporting period equal to or in excess of the amount of the
23	23	retainer, and the category of the amount of the fee;
24	24	(2) identification by name and the category of the
25	25	number of shares of stock of any business entity held or acquired,
26	26	and if sold, the category of the amount of net gain or loss realized
27	27	from the sale;
28	28	(3) a list of all bonds, notes, and other commercial
29	29	paper held or acquired, and if sold, the category of the amount of
30	30	net gain or loss realized from the sale;
31	31	(4) identification of each source and the category of
32	32	the amount of income in excess of $500 derived from each source from
33	33	interest, dividends, royalties, and rents;
34	34	(5) identification of each guarantor of a loan and
35	35	identification of each person or financial institution to whom a
36	36	personal note or notes or lease agreement for a total financial
37	37	liability in excess of $1,000 existed at any time during the year
38	38	and the category of the amount of the liability;
39	39	(6) identification by description of all beneficial
40	40	interests in real property and business entities held or acquired,
41	41	and if sold, the category of the amount of the net gain or loss
42	42	realized from the sale;
43	43	(7) identification of a person or other organization
44	44	from which the individual or the individual's spouse or dependent
45	45	children received a gift of anything of value in excess of $250 and
46	46	a description of each gift, except:
47	47	(A) a gift received from an individual related to
48	48	the individual at any time within the second degree by
49	49	consanguinity or affinity, as determined under Subchapter B,
50	50	Chapter 573;
51	51	(B) a political contribution that was reported as
52	52	required by Chapter 254, Election Code; and
53	53	(C) an expenditure required to be reported by a
54	54	person required to be registered under Chapter 305;
55	55	(8) identification of the source and the category of
56	56	the amount of all income received as beneficiary of a trust, other
57	57	than a blind trust that complies with Subsection (c), and
58	58	identification of each trust asset, if known to the beneficiary,
59	59	from which income was received by the beneficiary in excess of $500;
60	60	(9) identification by description and the category of
61	61	the amount of all assets and liabilities of a corporation, firm,
62	62	partnership, limited partnership, limited liability partnership,
63	63	professional corporation, professional association, joint venture,
64	64	or other business association in which 50 percent or more of the
65	65	outstanding ownership was held, acquired, or sold;
66	66	(10) a list of all boards of directors of which the
67	67	individual is a member and executive positions that the individual
68	68	holds in corporations, firms, partnerships, limited partnerships,
69	69	limited liability partnerships, professional corporations,
70	70	professional associations, joint ventures, or other business
71	71	associations or proprietorships, stating the name of each
72	72	corporation, firm, partnership, limited partnership, limited
73	73	liability partnership, professional corporation, professional
74	74	association, joint venture, or other business association or
75	75	proprietorship and the position held;
76	76	(11) identification of any person providing
77	77	transportation, meals, or lodging expenses permitted under Section
78	78	36.07(b), Penal Code, and the amount of those expenses, other than
79	79	expenditures required to be reported under Chapter 305;
80	80	(12) any corporation, firm, partnership, limited
81	81	partnership, limited liability partnership, professional
82	82	corporation, professional association, joint venture, or other
83	83	business association, excluding a publicly held corporation, in
84	84	which both the individual and a person registered under Chapter 305
85	85	have an interest;
86	86	(13) identification by name and the category of the
87	87	number of shares of any mutual fund held or acquired, and if sold,
88	88	the category of the amount of net gain or loss realized from the
89	89	sale; and
90	90	(14) identification of each blind trust that complies
91	91	with Subsection (c), including:
92	92	(A) the category of the fair market value of the
93	93	trust;
94	94	(B) the date the trust was created;
95	95	(C) the name and address of the trustee; and
96	96	(D) a statement signed by the trustee, under
97	97	penalty of perjury, stating that:
98	98	(i) the trustee has not revealed any
99	99	information to the individual, except information that may be
100	100	disclosed under Subdivision (8); and
101	101	(ii) to the best of the trustee's knowledge,
102	102	the trust complies with this section;
103	103	(15) identification of any person within the first
104	104	degree of consanguinity or affinity, as determined under Subchapter
105	105	B, Chapter 573, that engages in lobbying activities that require
106	106	registration under Chapter 305.
107	107	SECTION 3
108	108	. The changes in law made by this Act to Subchapter
109	109	B, Chapter 572, Government Code, apply only to a financial
110	110	statement filed under Subchapter B, Chapter 572, Government Code,
111	111	as amended by this Act, on or after January 8, 2019. A financial
112	112	statement filed before January 8, 2019, is governed by the law in
113	113	effect on the date of filing, and the former law is continued in
114	114	effect for that purpose.
115	115	SECTION 4. This Act takes effect January 8, 2019.