82R9293 EES-F
 
  By: Geren 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; and
               (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.
         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.