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  84R17889 MK-F
 
  By: Davis of Harris H.B. No. 3511
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the contents of financial statements that are
  electronically filed by certain persons; adding a provision subject
  to criminal penalties.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 572.023, Government Code, is amended by
  adding Subsections (g) and (h) to read as follows:
         (g)  A person who electronically files a verified financial
  statement with the commission or another filing authority is not
  required to include a notarized affidavit with the financial
  statement if the person:
               (1)  has requested and received an electronic filing
  password pursuant to the rules of the commission or other
  authority, as applicable; and
               (2)  uses that password to file the financial
  statement.
         (h)  Each financial statement filed under this chapter that
  is not filed electronically must be accompanied by an affidavit
  executed by the person required to file the financial statement.
  The affidavit must contain the statement: "I swear, or affirm,
  under penalty of perjury, that the accompanying report is true and
  correct and includes all information required to be reported by me
  under Chapter 572, Government Code." Each financial statement filed
  electronically under this chapter must be under oath by the person
  required to file the financial statement and must contain, in
  compliance with commission or local filing authority
  specifications, the digitized signature of the person required to
  file the financial statement. A financial statement filed under
  this chapter is considered to be under oath by the person required
  to file the financial statement, and the person is subject to
  prosecution under Chapter 37, Penal Code, regardless of the absence
  of or a defect in the affidavit.
         SECTION 2.  This Act applies only to a financial statement
  due on or after the effective date of this Act. A financial
  statement due before the effective date of this Act is governed by
  the law in effect on the date the financial statement was due, and
  the former law is continued in effect for that purpose.
         SECTION 3.  This Act takes effect September 1, 2015.