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By: Farney, et al. (Senate Sponsor - Huffman) |
H.B. No. 257 |
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(In the Senate - Received from the House May 11, 2015; |
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May 12, 2015, read first time and referred to Committee on State |
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Affairs; May 21, 2015, reported favorably by the following vote: |
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Yeas 9, Nays 0; May 21, 2015, sent to printer.) |
| Click here to see the committee vote |
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A BILL TO BE ENTITLED
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AN ACT
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relating to a judge's or justice's significant interest in a |
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business entity that owns, manages, or operates a private |
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correctional or rehabilitation facility. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 21.010(b), Government Code, is amended |
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to read as follows: |
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(b) A justice or judge is considered to have a significant |
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interest in a business entity described by Subsection (a) for |
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purposes of this section if: |
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(1) the justice or judge owns any voting stock or share |
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or has a direct investment in the business entity [that represents
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the lesser of at least 10 percent or $15,000 of the fair market
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value of the business entity]; or |
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(2) the justice or judge receives money from the |
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business entity. |
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SECTION 2. This Act takes effect January 1, 2017. |
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