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79R7710 ATP-D

By:  Rose                                                         H.B. No. 2249



A BILL TO BE ENTITLED

AN ACT

relating to the reporting of loans made for political campaign or 
officeholder purposes maintained in an account at the end of a 
reporting period.
	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 and proceeds of loans described by 
Subdivision (2) made to the person, including interest or other 
income on those contributions or loan proceeds, maintained in one 
or more accounts in which political contributions or loan proceeds 
described by Subdivision (2) are deposited as of the last day of the 
reporting period.
	SECTION 2.  The change in law made by this Act to Section 
254.031(a), Election Code, applies only to a report required to be 
filed under Chapter 254, Election Code, on or after September 1, 
2005.  A report required to be filed under Chapter 254, Election 
Code, before September 1, 2005, is governed by the law in effect 
when the report was required to be filed, and the former law is 
continued in effect for that purpose.
	SECTION 3.  This Act takes effect September 1, 2005.