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A BILL TO BE ENTITLED
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AN ACT
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relating to the reporting of electronic political contributions |
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accepted by certain political committees. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 254.031, Election Code, is amended by |
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amending Subsection (a) and adding Subsection (c) to read as |
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follows: |
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(a) Except as otherwise provided by this chapter, each |
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report filed under this chapter must include: |
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(1) the amount of political contributions, other than |
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political contributions described by Subdivision (1-a), from each |
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person that in the aggregate exceed $50 and that are accepted during |
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the reporting period by the person or committee required to file a |
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report under this chapter, the full name and address of the person |
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making the contributions, and the dates of the contributions; |
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(1-a) except as provided by Subsection (c), the amount |
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of political contributions from each person that are made |
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electronically and that are accepted during the reporting period by |
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the person or committee required to file a report under this |
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chapter, the full name and address of the person making the |
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contributions, and the dates of the contributions; |
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(2) the amount of loans that are made during the |
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reporting period for campaign or officeholder purposes to the |
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person or committee required to file the report and that in the |
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aggregate exceed $50, the dates the loans are made, the interest |
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rate, the maturity date, the type of collateral for the loans, if |
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any, the full name and address of the person or financial |
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institution making the loans, the full name and address, principal |
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occupation, and name of the employer of each guarantor of the loans, |
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the amount of the loans guaranteed by each guarantor, and the |
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aggregate principal amount of all outstanding loans as of the last |
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day of the reporting period; |
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(3) the amount of political expenditures that in the |
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aggregate exceed $100 and that are made during the reporting |
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period, the full name and address of the persons to whom the |
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expenditures are made, and the dates and purposes of the |
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expenditures; |
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(4) the amount of each payment made during the |
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reporting period from a political contribution if the payment is |
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not a political expenditure, the full name and address of the person |
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to whom the payment is made, and the date and purpose of the |
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payment; |
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(5) the total amount or a specific listing of the |
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political contributions of $50 or less accepted and the total |
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amount or a specific listing of the political expenditures of $100 |
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or less made during the reporting period; |
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(6) the total amount of all political contributions |
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accepted and the total amount of all political expenditures made |
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during the reporting period; |
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(7) the name of each candidate or officeholder who |
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benefits from a direct campaign expenditure made during the |
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reporting period by the person or committee required to file the |
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report, and the office sought or held, excluding a direct campaign |
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expenditure that is made by the principal political committee of a |
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political party on behalf of a slate of two or more nominees of that |
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party; |
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(8) as of the last day of a reporting period for which |
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the person is required to file a report, the total amount of |
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political contributions accepted, including interest or other |
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income on those contributions, maintained in one or more accounts |
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in which political contributions are deposited as of the last day of |
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the reporting period; |
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(9) any credit, interest, rebate, refund, |
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reimbursement, or return of a deposit fee resulting from the use of |
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a political contribution or an asset purchased with a political |
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contribution that is received during the reporting period and the |
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amount of which exceeds $100; |
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(10) any proceeds of the sale of an asset purchased |
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with a political contribution that is received during the reporting |
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period and the amount of which exceeds $100; |
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(11) any investment purchased with a political |
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contribution that is received during the reporting period and the |
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amount of which exceeds $100; |
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(12) any other gain from a political contribution that |
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is received during the reporting period and the amount of which |
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exceeds $100; and |
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(13) the full name and address of each person from whom |
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an amount described by Subdivision (9), (10), (11), or (12) is |
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received, the date the amount is received, and the purpose for which |
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the amount is received. |
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(c) The reporting requirements under Subsection (a)(1-a) do |
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not apply to a political committee established and administered by |
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a nonprofit agricultural organization that is exempt from taxation |
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under Section 501(a), Internal Revenue Code of 1986, as an |
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organization described by Section 501(c)(5) of that code. |
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SECTION 2. The change in law made by this Act applies only |
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to a report under Chapter 254, Election Code, that is required to be |
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filed on or after the effective date of this Act. A report under |
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Chapter 254, Election Code, that is required to be filed before the |
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effective date of this Act is governed by the law in effect on the |
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date the report is required to be filed, and the former law is |
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continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2023. |