Amend SB 346 by striking SECTION 1 and inserting in lieu thereof the following:
SECTION 1.  Section 254.261, Elections Code, is amended by adding subsections (e), (f), (g) and (h) to read as follows:
(e)  Except as provided by other law, subsection (a) requires a non-profit corporation that is subject to Chapter 22, Business Organizations Code, to disclose each contribution received during the reporting period in the same manner as if the contribution was a political contribution made to a general-purpose committee that does not file monthly reports under Section 254.155.
(f)  A non-profit corporation described by subsection (e) is required to itemize a contribution under Section 254.031(a)(1) only if the amount contributed by a person exceeds, in the aggregate, $1000 during the reporting period.
(g)  Subsection (e) does not apply if the direct campaign expenditures made by the non-profit corporation, combined with the direct campaign expenditures made by each other entity required to be shown to be related to the non-profit organization on the non-profit corporation's federal Internal Revenue Service Form 990, do not, in the aggregate, exceed $25,000 in a calendar year.
(h)  A contribution is not required to be disclosed under subsection (e) if the contribution is made with the express written agreement that the contribution will not be used, in whole or in part, to make a political contribution or a political expenditure. A contribution any part of which is actually used to make a political contribution or a political expenditure shall be disclosed as provided by subsection (e) notwithstanding that the contribution was made with an express written agreement that the contribution would not be used to make a political contribution or political expenditure.