85R9546 ATP-D
	By: Turner	H.B. No. 1941

	A BILL TO BE ENTITLED
	AN ACT
	relating to the contents of and public access to personal financial
	statements filed by public officials and candidates; amending
	provisions subject to a criminal penalty.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Sections 572.022(a) and (d), Government Code,
	are amended to read as follows:
	(a)  If an amount in a financial statement is required to be
	reported by category, the individual filing the statement shall
	report whether the amount is:
	(1)  less than $200 [$5,000];
	(2)  at least $200 [$5,000] but less than $1,000
	[$10,000];
	(3)  at least $1,000 [$10,000] but less than $2,500
	[$25,000];
	(4)  at least $2,500 but less than $5,000;
	(5)  at least $5,000 but less than $15,000;
	(6)  at least $15,000 but less than $50,000;
	(7)  at least $50,000 but less than $100,000;
	(8)  at least $100,000 but less than $1,000,000;
	(9)  at least $1,000,000 but less than $5,000,000; or
	(10)  $5,000,000 [(4)  $25,000] or more.
	(d)  For a gift [of cash or a cash equivalent such as a
	negotiable instrument or gift certificate] that is reported in
	accordance with Section 572.023(b)(7), the individual filing the
	statement shall include in the description of the gift a statement
	of the value of the gift. If the reported gift is cash or a cash
	equivalent such as a negotiable instrument or gift certificate, the
	description must include the actual face value of the gift.
	SECTION 2.  Sections 572.023(a) and (b), Government Code,
	are amended to read as follows:
	(a)  A financial statement must include an account of the
	financial activity of the individual required by this subchapter to
	file a financial statement and an account of the financial activity
	of the individual's spouse and dependent children if the individual
	had actual control over that activity for:
	(1)  the preceding calendar year; or
	(2)  both the preceding calendar year and, listed
	separately, the year before the preceding calendar year, for
	information reported under Subsection (b)(1), (4), or (8).
	(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
	dollar value 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,
	the date the liability was incurred, 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.
	SECTION 3.  Section 572.032, Government Code, is amended by
	amending Subsection (a) and adding Subsection (d) to read as
	follows:
	(a)  Financial statements filed under this subchapter are
	public records. The commission shall maintain the statements in
	separate alphabetical files and in a manner that is accessible to
	the public during regular office hours and make the statements
	available to the public on the commission's website not later than
	the 15th day after the date the statement is required to be filed or
	is actually filed, whichever is later.
	(d)  The commission is not required to continue to make
	available on its website a financial statement that may be
	destroyed under Subsection (c).  The commission may not make
	available on its website a financial statement that the commission
	is required to destroy under Subsection (c).
	SECTION 4.  Sections 572.022(b) and 572.032(b), Government
	Code, are repealed.
	SECTION 5.  The changes in law made by this Act to Sections
	572.022 and 572.023, Government Code, apply only to a financial
	statement filed under Subchapter B, Chapter 572, Government Code,
	on or after January 1, 2019. A financial statement filed before
	January 1, 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 6.  This Act takes effect immediately if it receives
	a vote of two-thirds of all the members elected to each house, as
	provided by Section 39, Article III, Texas Constitution. If this
	Act does not receive the vote necessary for immediate effect, this
	Act takes effect September 1, 2017.