88R1343 JG-D
 
  By: Martinez Fischer H.B. No. 4125
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to inaugural contribution limits and the disclosure of
  inaugural contributions and expenditures.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 401.004(a), Government Code, is amended
  to read as follows:
         (a)  Subject to Section 401.0045, a [A] person may contribute
  funds, services, or other things of value to pay the expenses of or
  otherwise provide for an inauguration. This contribution is not a
  political contribution for purposes of state law regulating
  political contributions or prohibiting a contribution by a
  corporation or labor organization.
         SECTION 2.  Subchapter A, Chapter 401, Government Code, is
  amended by adding Section 401.0045 to read as follows:
         Sec. 401.0045.  INAUGURAL CONTRIBUTION LIMITS; DISCLOSURE
  STATEMENT. (a) In this section "political committee" has the
  meaning assigned by Section 251.001, Election Code.
         (b)  Inaugural contributions made by a person under Section
  401.004 are subject to the following contribution limits:
               (1)  for a person other than a person described by
  Subdivision (3), the total amount of contributions may not exceed
  $2,500;
               (2)  for a political committee, the total amount of
  contributions may not exceed $7,500; and
               (3)  for a corporation that does business with this
  state or an officer or other representative of the corporation, the
  total amount of contributions may not exceed $7,500.
         (c)  Not later than the 30th day after the date of the
  inauguration, the inaugural committee shall provide to the Texas
  Ethics Commission a disclosure statement on the total inaugural
  contributions received by the committee and the total expenditures
  made by the committee for the inauguration. The disclosure
  statement must include:
               (1)  if the total contributions or expenditures do not
  exceed $1,000, a statement that the contributions received or the
  expenditures made, as applicable, do not exceed that amount; or
               (2)  if the total contributions or expenditures exceed
  $1,000, an itemized statement of the following:
                     (A)  for each contribution of $500 or more:
                           (i)  the full name and principal address of
  the person making the contribution;
                           (ii)  the amount of the contribution; and 
                           (iii)  the date the contribution was
  received by the committee;
                     (B)  for all contributions of less than $500, the
  total amount of those contributions;
                     (C)  for each person paid $500 or more by the
  committee:
                           (i)  the full name and principal address of
  the person;
                           (ii)  the total amount paid to the person;
  and
                           (iii)  each purpose for which the person was
  paid; and
                     (D)  for all persons paid less than $500 by the
  committee:
                           (i)  the total amount of those expenditures;
  and
                           (ii)  the total amount for each category of
  expenditure.
         SECTION 3.  The changes in law made by this Act apply only to
  inaugural contributions or expenditures made on or after the
  effective date of this Act.
         SECTION 4.  This Act takes effect September 1, 2023.