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A BILL TO BE ENTITLED
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AN ACT
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relating to contribution and expenditure statements filed by the |
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inaugural committee with the Texas Ethics Commission. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 401, Government Code, is |
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amended by adding Section 401.0075 to read as follows: |
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Sec. 401.0075. REQUIRED CONTRIBUTION AND EXPENDITURE |
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STATEMENTS. (a) The committee shall file contribution and |
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expenditure statements with the Texas Ethics Commission on: |
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(1) the fifth day after the date that members of the |
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committee are appointed; |
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(2) the day before the first day of the regular session |
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of the legislature that occurs in the year of the inauguration; and |
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(3) the day that the committee files the final report |
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required by Section 401.008. |
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(b) A statement required by Subsection (a) must list the |
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following information: |
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(1) each unreported contribution of money, services, |
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or other things of value to the committee, the name and address of |
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the contributor, and the date and amount of the contribution; |
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(2) each unreported loan made to the committee, |
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including a loan listed in a previous filing that has not been paid |
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or that was paid after the previous filing, the complete name and |
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address of the lender and each person other than the committee who |
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is responsible on the note, the date and amount of the note, the |
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intended source of funds to repay the note, and any payments already |
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made on the note and the source of the payments; and |
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(3) each unreported expenditure of the committee, the |
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complete name and address of each person to whom a payment of more |
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than $10 was made, and the purpose of each expenditure. |
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(c) Each statement filed under this section is public |
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information and shall be preserved until the second anniversary of |
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the date the statement was filed. Unless a court orders further |
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preservation, a statement may be destroyed after the two-year |
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period. |
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SECTION 2. This Act takes effect September 1, 2021. |