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Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 80(R)

Senate Bill 129

Senate Author:  West, Royce et al.

Effective:  9-1-07

House Sponsor:  Naishtat et al.

            Senate Bill 129 amends the Government Code to require a state officer or employee who must file a financial statement, in reporting a gift of cash or a cash equivalent such as a negotiable instrument or gift certificate of value in excess of $250, to include in the description of the gift a statement of the value of the gift.  The bill applies to a financial statement required to be filed on or after January 1, 2008.