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A BILL TO BE ENTITLED
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AN ACT
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relating to reporting of gifts of cash or a cash equivalent to |
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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) For a gift of cash or a cash equivalent such as a |
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negotiable instrument or gift certificate that is reported in |
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accordance with Section 572.023(b)(7), the individual filing the |
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statement shall include in the description of the gift a statement |
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of the value of the gift. |
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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. Subsection (d), Section 572.022, Government |
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Code, as added by this Act, applies only to a financial statement |
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required to be filed under Subchapter B, Chapter 572, Government |
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Code, on or after January 1, 2008. A financial statement required |
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to be filed under Subchapter B, Chapter 572, Government Code, |
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before January 1, 2008, is governed by the law in effect immediately |
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before the effective date of this Act, and the former law is |
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continued in effect for that purpose. |
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SECTION 4. This Act takes effect September 1, 2007. |