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SECTION 2. Sections
572.023(a) and (b), Government Code, are amended to read as follows:
(a) A financial statement
must include an account of the financial activity of the individual
required by this subchapter to file a financial statement and an account of
the financial activity of the individual's spouse and dependent children if
the individual had actual control over that activity for:
(1) the preceding
calendar year; or
(2) both the preceding
calendar year and, listed separately, the year before the preceding
calendar year, for information reported under Subsection (b)(1), (4), (8),
or (15).
(b) The account of financial
activity consists of:
(1) a list of all sources of
occupational income, identified by employer, or if self-employed, by the
nature of the occupation, including identification of a person or other
organization from which the individual or a business in which the
individual has a substantial interest received a fee as a retainer for a
claim on future services in case of need, as distinguished from a fee for
services on a matter specified at the time of contracting for or receiving
the fee, if professional or occupational services are not actually performed
during the reporting period equal to or in excess of the amount of the
retainer, and the category of the amount of the fee;
(2) identification by name
and the category of the dollar value of the [number of]
shares of stock of any business entity held or acquired, and if sold, the
category of the amount of net gain or loss realized from the sale;
(3) a list of all bonds,
notes, and other commercial paper held or acquired, and if sold, the
category of the amount of net gain or loss realized from the sale;
(4) identification of each
source and the category of the amount of income in excess of $500 derived
from each source from interest, dividends, royalties, and rents;
(5) identification of each
guarantor of a loan and identification of each person or financial
institution to whom a personal note or notes or lease agreement for a total
financial liability in excess of $1,000 existed at any time during the year,
the date the liability was incurred, and the category of the amount of
the liability;
(6) identification by
description of all beneficial interests in real property and business
entities held or acquired, and if sold, the category of the amount of the
net gain or loss realized from the sale;
(7) identification of a
person or other organization from which the individual or the individual's
spouse or dependent children received a gift of anything of value in excess
of $250 and a description of each gift, except:
(A) a gift received from an
individual related to the individual at any time within the second degree
by consanguinity or affinity, as determined under Subchapter B, Chapter
573;
(B) a political contribution
that was reported as required by Chapter 254, Election Code; and
(C) an expenditure required
to be reported by a person required to be registered under Chapter 305;
(8) identification of the
source and the category of the amount of all income received as beneficiary
of a trust, other than a blind trust that complies with Subsection (c), and
identification of each trust asset, if known to the beneficiary, from which
income was received by the beneficiary in excess of $500;
(9) identification by
description and the category of the amount of all assets and liabilities of
a corporation, firm, partnership, limited partnership, limited liability
partnership, professional corporation, professional association, joint
venture, or other business association in which 50 percent or more of the
outstanding ownership was held, acquired, or sold;
(10) a list of all boards of
directors of which the individual is a member and executive positions that
the individual holds in corporations, firms, partnerships, limited
partnerships, limited liability partnerships, professional corporations,
professional associations, joint ventures, or other business associations
or proprietorships, stating the name of each corporation, firm,
partnership, limited partnership, limited liability partnership,
professional corporation, professional association, joint venture, or other
business association or proprietorship and the position held;
(11) identification of any
person providing transportation, meals, or lodging expenses permitted under
Section 36.07(b), Penal Code, and the amount of those expenses, other than
expenditures required to be reported under Chapter 305;
(12) any corporation, firm,
partnership, limited partnership, limited liability partnership,
professional corporation, professional association, joint venture, or other
business association, excluding a publicly held corporation, in which both
the individual and a person registered under Chapter 305 have an interest;
(13) identification by name
and the category of the number of shares of any mutual fund held or
acquired, and if sold, the category of the amount of net gain or loss
realized from the sale; [and]
(14) identification of each
blind trust that complies with Subsection (c), including:
(A) the category of the fair
market value of the trust;
(B) the date the trust was
created;
(C) the name and address of
the trustee; and
(D) a statement signed by the
trustee, under penalty of perjury, stating that:
(i) the trustee has not
revealed any information to the individual, except information that may be
disclosed under Subdivision (8); and
(ii) to the best of the
trustee's knowledge, the trust complies with this section; and
(15) identification of
any other source of earned or unearned income, including public benefits or
a pension, individual retirement account, or other retirement plan, and the
category of the amount of income derived from each source.
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SECTION 3. Sections
572.023(a) and (b), Government Code, are amended to read as follows:
(a) A financial statement
must include an account of the financial activity of the individual
required by this subchapter to file a financial statement and an account of
the financial activity of the individual's spouse and dependent children if
the individual had actual control over that activity for:
(1) the preceding
calendar year; or
(2) both the preceding
calendar year and, listed separately, the year before the preceding
calendar year, for information reported under Subsection (b)(1), (4), (8),
or (15).
(b) The account of financial
activity consists of:
(1) a list of all sources of
occupational income, identified by employer, or if self-employed, by the
nature of the occupation, including identification of a person or other
organization from which the individual or a business in which the
individual has a substantial interest received a fee as a retainer for a
claim on future services in case of need, as distinguished from a fee for
services on a matter specified at the time of contracting for or receiving
the fee, if professional or occupational services are not actually
performed during the reporting period equal to or in excess of the amount
of the retainer, and the category of the amount of the fee;
(2) identification by name
and the category of the dollar value of the [number of]
shares of stock of any business entity held or acquired, and if sold, the
category of the amount of net gain or loss realized from the sale;
(3) a list of all bonds,
notes, and other commercial paper held or acquired, and if sold, the
category of the amount of net gain or loss realized from the sale;
(4) identification of each
source and the category of the amount of income in excess of $500 derived
from each source from interest, dividends, royalties, and rents;
(5) identification of each
guarantor of a loan and identification of each person or financial
institution to whom a personal note or notes or lease agreement for a total
financial liability in excess of $1,000 existed at any time during the year,
the date the liability was incurred, and the category of the amount of
the liability;
(6) identification by
description of all beneficial interests in real property and business
entities held or acquired, and if sold, the category of the amount of the
net gain or loss realized from the sale;
(7) identification of a
person or other organization from which the individual or the individual's
spouse or dependent children received a gift of anything of value in excess
of $250 and a description of each gift, except:
(A) a gift received from an
individual related to the individual at any time within the second degree
by consanguinity or affinity, as determined under Subchapter B, Chapter
573;
(B) a political contribution
that was reported as required by Chapter 254, Election Code; and
(C) an expenditure required
to be reported by a person required to be registered under Chapter 305;
(8) identification of the
source and the category of the amount of all income received as beneficiary
of a trust, other than a blind trust that complies with Subsection (c), and
identification of each trust asset, if known to the beneficiary, from which
income was received by the beneficiary in excess of $500;
(9) identification by
description and the category of the amount of all assets and liabilities of
a corporation, firm, partnership, limited partnership, limited liability
partnership, professional corporation, professional association, joint
venture, or other business association in which 50 percent or more of the
outstanding ownership was held, acquired, or sold;
(10) a list of all boards of
directors of which the individual is a member and executive positions that
the individual holds in corporations, firms, partnerships, limited
partnerships, limited liability partnerships, professional corporations,
professional associations, joint ventures, or other business associations
or proprietorships, stating the name of each corporation, firm, partnership,
limited partnership, limited liability partnership, professional
corporation, professional association, joint venture, or other business
association or proprietorship and the position held;
(11) identification of any
person providing transportation, meals, or lodging expenses permitted under
Section 36.07(b), Penal Code, and the amount of those expenses, other than
expenditures required to be reported under Chapter 305;
(12) any corporation, firm,
partnership, limited partnership, limited liability partnership,
professional corporation, professional association, joint venture, or other
business association, excluding a publicly held corporation, in which both
the individual and a person registered under Chapter 305 have an interest;
(13) identification by name
and the category of the number of shares of any mutual fund held or
acquired, and if sold, the category of the amount of net gain or loss
realized from the sale; [and]
(14) identification of each
blind trust that complies with Subsection (c), including:
(A) the category of the fair
market value of the trust;
(B) the date the trust was
created;
(C) the name and address of
the trustee; and
(D) a statement signed by
the trustee, under penalty of perjury, stating that:
(i) the trustee has not revealed
any information to the individual, except information that may be disclosed
under Subdivision (8); and
(ii) to the best of the
trustee's knowledge, the trust complies with this section; and
(15) identification of
any other source of earned or unearned income not
reported under another provision of this subsection, including
public benefits or a pension, individual retirement account, or other
retirement plan, and the category of the amount of income derived from each
source.
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