| 81R1572 CAE-D | ||
| By: Naishtat | H.B. No. 163 | |
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| 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(d), Government Code, is amended | ||
| to read as follows: | ||
| (d) For a gift, including [ |
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| 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 fair market value of the gift. | ||
| SECTION 2. Section 572.022(d), Government Code, as amended | ||
| 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, 2010. A financial statement required to be filed under | ||
| Subchapter B, Chapter 572, Government Code, before January 1, 2010, | ||
| 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 3. This Act takes effect September 1, 2009. | ||