80R862 DLF-D
 
  By: Ellis S.B. No. 558
 
 
 
   
 
 
A BILL TO BE ENTITLED
AN ACT
relating to reporting of gifts of cash or a cash equivalent 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)  For a gift of cash or a cash equivalent such as a
negotiable instrument or gift certificate that is reported in
accordance with Section 572.023(b)(7), the individual filing the
statement shall include in the description of the gift a statement
of the 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.