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A BILL TO BE ENTITLED
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AN ACT
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relating to the reporting of political contributions and |
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expenditures. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 254.031(a), Election Code, is amended to |
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read as follows: |
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(a) Except as otherwise provided by this chapter, each |
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report filed under this chapter must include: |
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(1) the amount of political contributions from each |
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person that in the aggregate exceed $50 and that are accepted during |
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the reporting period by the person or committee required to file a |
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report under this chapter, the full name and address of the person |
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making the contributions, and the dates of the contributions; |
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(2) the amount of loans that are made during the |
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reporting period for campaign or officeholder purposes to the |
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person or committee required to file the report and that in the |
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aggregate exceed $50, the dates the loans are made, the interest |
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rate, the maturity date, the type of collateral for the loans, if |
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any, the full name and address of the person or financial |
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institution making the loans, the full name and address, principal |
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occupation, and name of the employer of each guarantor of the loans, |
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the amount of the loans guaranteed by each guarantor, and the |
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aggregate principal amount of all outstanding loans as of the last |
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day of the reporting period; |
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(3) the amount of political expenditures that in the |
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aggregate exceed $50 and that are made during the reporting period, |
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the full name and address of the persons to whom the expenditures |
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are made, and the dates and purposes of the expenditures; |
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(4) the amount of each payment made during the |
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reporting period from a political contribution if the payment is |
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not a political expenditure, the full name and address of the person |
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to whom the payment is made, and the date and purpose of the |
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payment; |
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(5) the total amount or a specific listing of the |
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political contributions of $50 or less accepted and the total |
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amount or a specific listing of the political expenditures of $50 or |
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less made during the reporting period; |
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(6) the total amount of all political contributions |
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accepted and the total amount of all political expenditures made |
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during the reporting period; |
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(7) the name of each candidate or officeholder who |
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benefits from a direct campaign expenditure made during the |
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reporting period by the person or committee required to file the |
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report, and the office sought or held, excluding a direct campaign |
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expenditure that is made by the principal political committee of a |
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political party on behalf of a slate of two or more nominees of that |
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party; [and] |
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(8) as of the last day of a reporting period for which |
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the person is required to file a report, the total amount of |
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political contributions accepted, including interest or other |
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income on those contributions, maintained in one or more accounts |
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in which political contributions are deposited as of the last day of |
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the reporting period; and |
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(9) the following amounts received during the |
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reporting period: |
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(A) any credit, interest, rebate, refund, |
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reimbursement, or return of a deposit fee resulting from the use of |
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a political contribution or an asset purchased with a political |
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contribution; |
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(B) any proceeds of the sale of an asset or |
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investment purchased with a political contribution; and |
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(C) any other gain received from a political |
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contribution. |
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SECTION 2. Section 305.005, Government Code, is amended by |
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adding Subsection (l) to read as follows: |
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(l) The registration form must include the full name and |
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address of each person who compensates or reimburses the registrant |
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for any reason from: |
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(1) a political contribution as defined by Title 15, |
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Election Code; |
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(2) interest received from a political contribution as |
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defined by Title 15, Election Code; or |
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(3) an asset purchased with a political contribution |
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as defined by Title 15, Election Code. |
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SECTION 3. (a) Section 254.031(a), Election Code, as |
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amended by this Act, applies only to a report under Chapter 254, |
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Election Code, that is required to be filed on or after the |
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effective date of this Act. A report under Chapter 254, Election |
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Code, that is required to be filed before the effective date of this |
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Act is governed by the law in effect on the date the report is |
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required to be filed, and the former law is continued in effect for |
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that purpose. |
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(b) Section 305.005(l), Government Code, as added by this |
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Act, applies only to compensation or reimbursement received by a |
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registrant under Chapter 305, Government Code, on or after the |
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effective date of this Act. |
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SECTION 4. This Act takes effect September 1, 2011. |