By: Rosson S.B. No. 742 A BILL TO BE ENTITLED AN ACT 1-1 relating to the rulemaking authority of the Ethics Commission. 1-2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-3 SECTION 1. Article 6252-9d Section 1.11 of the Revised Civil 1-4 Statutes of the State of Texas is amended by adding subsections (g) 1-5 and (h) to read as follows: 1-6 (g) The Commission shall promulgate rules requiring persons 1-7 to report monetary and other transactions in a manner that will 1-8 fairly inform the public of the nature of the transactions. The 1-9 Commission shall not promulgate any rule or construe any provision 1-10 of Article 6252-9b, Title 15 of the Election Code, Chapter 305 of 1-11 the Government Code or Chapter 36 or 39 of the Penal Code in such a 1-12 way as to thwart the purpose of providing the public with clear 1-13 information. The Commission may not impose a penalty upon a person 1-14 required to file a report, based upon the inadequacy of the report, 1-15 if the report: 1-16 (i) is timely filed. 1-17 (ii) conforms with 1-18 applicable law, and 1-19 (iii) is substantially 1-20 complete. 1-21 (h) A substantially complete report includes, but is not 1-22 limited to, a report filed in good faith that: 1-23 (i) lists at least 95% of 2-1 the amounts required to be reported. 2-2 (ii) lists at least 95% of 2-3 the entities required to be reported. 2-4 (iii) lists at least 95% of 2-5 the transactions required to be reported, and 2-6 (iv) lists dates, places 2-7 and persons required to be reported with reasonable clarity. 2-8 SECTION 2. This act is effective on September 1, 1993. 2-9 SECTION 3. The importance of this legislation and the 2-10 crowded condition of the calendars in both houses create an 2-11 emergency and an imperative public necessity that the 2-12 constitutional rule requiring bills to be read on three several 2-13 days in each house be suspended, and this rule is hereby suspended, 2-14 and that this Act take effect and be in force from and after its 2-15 passage, and it is so enacted.