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Amend SB 501 (Senate committee printing) by adding the following appropriately numbered SECTION to the bill and renumbering remaining SECTIONS of the bill accordingly:
SECTION __. Subchapter B, Chapter 572, Government Code, is amended by adding Section 572.0295 to read as follows:
Sec. 572.0295. AMENDMENT OF FINANCIAL STATEMENT. (a) A person who files a financial statement under this chapter may amend the person's statement.
(b) A financial statement that is amended is considered to have been filed on the date on which the original statement was filed if:
(1) the amendment is made on or before the 14th day after the date the person filing the statement learns of an error or omission in the original statement;
(2) the original financial statement was made in good faith and without an intent to mislead or to misrepresent the information contained in the statement; and
(3) the person filing the amendment accompanies the amendment with a declaration that:
(A) the person became aware of the error or omission in the original statement during the preceding 14 days; and
(B) the original statement was made in good faith and without intent to mislead or to misrepresent the information contained in the statement.