|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
relating to reporting of the fair market value of certain gifts made |
|
to public officials. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Section 572.022, Government Code, is amended by |
|
adding Subsection (d) to read as follows: |
|
(d) The individual filing the statement shall include in the |
|
description of a gift that is reported in accordance with Section |
|
572.023(b)(7) a statement of the fair market value of the gift. |
|
SECTION 2. The heading of Section 572.022, Government Code, |
|
is amended to read as follows: |
|
Sec. 572.022. REPORTING CATEGORIES; REQUIRED DESCRIPTIONS. |
|
SECTION 3. Section 572.022(d), Government Code, as added by |
|
this Act, applies only to a financial statement required to be filed |
|
under Subchapter B, Chapter 572, Government Code, on or after |
|
January 1, 2008. A financial statement required to be filed under |
|
Subchapter B, Chapter 572, Government Code, before January 1, 2008, |
|
is governed by the law in effect immediately before the effective |
|
date of this Act, and the former law is continued in effect for that |
|
purpose. |
|
SECTION 4. This Act takes effect September 1, 2007. |