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