Bill Text: TX HB4119 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the disclosure of family members engaged in lobbying activities in personal financial statements filed by public officers and candidates.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-03-31 - Referred to General Investigating & Ethics [HB4119 Detail]
Download: Texas-2017-HB4119-Introduced.html
By: Fallon | H.B. No. 4119 |
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relating to the disclosure of family members engaged in lobbying | ||
activities in personal financial statements filed by public | ||
officers and candidates. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 572.023, Government Code, is amended by | ||
amending Subsection (b) to read as follows: | ||
(b) The account of financial activity consists of: | ||
(1) a list of all sources of occupational income, | ||
identified by employer, or if self-employed, by the nature of the | ||
occupation, including identification of a person or other | ||
organization from which the individual or a business in which the | ||
individual has a substantial interest received a fee as a retainer | ||
for a claim on future services in case of need, as distinguished | ||
from a fee for services on a matter specified at the time of | ||
contracting for or receiving the fee, if professional or | ||
occupational services are not actually performed during the | ||
reporting period equal to or in excess of the amount of the | ||
retainer, and the category of the amount of the fee; | ||
(2) identification by name and the category of the | ||
number of shares of stock of any business entity held or acquired, | ||
and if sold, the category of the amount of net gain or loss realized | ||
from the sale; | ||
(3) a list of all bonds, notes, and other commercial | ||
paper held or acquired, and if sold, the category of the amount of | ||
net gain or loss realized from the sale; | ||
(4) identification of each source and the category of | ||
the amount of income in excess of $500 derived from each source from | ||
interest, dividends, royalties, and rents; | ||
(5) identification of each guarantor of a loan and | ||
identification of each person or financial institution to whom a | ||
personal note or notes or lease agreement for a total financial | ||
liability in excess of $1,000 existed at any time during the year | ||
and the category of the amount of the liability; | ||
(6) identification by description of all beneficial | ||
interests in real property and business entities held or acquired, | ||
and if sold, the category of the amount of the net gain or loss | ||
realized from the sale; | ||
(7) identification of a person or other organization | ||
from which the individual or the individual's spouse or dependent | ||
children received a gift of anything of value in excess of $250 and | ||
a description of each gift, except: | ||
(A) a gift received from an individual related to | ||
the individual at any time within the second degree by | ||
consanguinity or affinity, as determined under Subchapter B, | ||
Chapter 573; | ||
(B) a political contribution that was reported as | ||
required by Chapter 254, Election Code; and | ||
(C) an expenditure required to be reported by a | ||
person required to be registered under Chapter 305; | ||
(8) identification of the source and the category of | ||
the amount of all income received as beneficiary of a trust, other | ||
than a blind trust that complies with Subsection (c), and | ||
identification of each trust asset, if known to the beneficiary, | ||
from which income was received by the beneficiary in excess of $500; | ||
(9) identification by description and the category of | ||
the amount of all assets and liabilities of a corporation, firm, | ||
partnership, limited partnership, limited liability partnership, | ||
professional corporation, professional association, joint venture, | ||
or other business association in which 50 percent or more of the | ||
outstanding ownership was held, acquired, or sold; | ||
(10) a list of all boards of directors of which the | ||
individual is a member and executive positions that the individual | ||
holds in corporations, firms, partnerships, limited partnerships, | ||
limited liability partnerships, professional corporations, | ||
professional associations, joint ventures, or other business | ||
associations or proprietorships, stating the name of each | ||
corporation, firm, partnership, limited partnership, limited | ||
liability partnership, professional corporation, professional | ||
association, joint venture, or other business association or | ||
proprietorship and the position held; | ||
(11) identification of any person providing | ||
transportation, meals, or lodging expenses permitted under Section | ||
36.07(b), Penal Code, and the amount of those expenses, other than | ||
expenditures required to be reported under Chapter 305; | ||
(12) any corporation, firm, partnership, limited | ||
partnership, limited liability partnership, professional | ||
corporation, professional association, joint venture, or other | ||
business association, excluding a publicly held corporation, in | ||
which both the individual and a person registered under Chapter 305 | ||
have an interest; | ||
(13) identification by name and the category of the | ||
number of shares of any mutual fund held or acquired, and if sold, | ||
the category of the amount of net gain or loss realized from the | ||
sale; and | ||
(14) identification of each blind trust that complies | ||
with Subsection (c), including: | ||
(A) the category of the fair market value of the | ||
trust; | ||
(B) the date the trust was created; | ||
(C) the name and address of the trustee; and | ||
(D) a statement signed by the trustee, under | ||
penalty of perjury, stating that: | ||
(i) the trustee has not revealed any | ||
information to the individual, except information that may be | ||
disclosed under Subdivision (8); and | ||
(ii) to the best of the trustee's knowledge, | ||
the trust complies with this section; | ||
(15) identification of any person within the first | ||
degree of consanguinity or affinity, as determined under Subchapter | ||
B, Chapter 573, that engages in lobbying activities that require | ||
registration under Chapter 305. | ||
SECTION 3 | ||
. The changes in law made by this Act to Subchapter | ||
B, Chapter 572, Government Code, apply only to a financial | ||
statement filed under Subchapter B, Chapter 572, Government Code, | ||
as amended by this Act, on or after January 8, 2019. A financial | ||
statement filed before January 8, 2019, is governed by the law in | ||
effect on the date of filing, and the former law is continued in | ||
effect for that purpose. | ||
SECTION 4. This Act takes effect January 8, 2019. |