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A BILL TO BE ENTITLED
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AN ACT
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relating to disclosure of certain relationships with local |
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government officers and vendors. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 176.001(1), (1-a), (2), and (2-d), |
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Local Government Code, are amended to read as follows: |
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(1) "Agent" means a third party who undertakes to |
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transact some business or manage some affair for another person by |
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the authority or on account of the other person. The term includes |
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a subcontractor and an employee. |
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(1-a) "Business relationship" means a connection |
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between two or more parties based on commercial activity of one of |
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the parties. [The term does not include a connection based on: |
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[(A) a transaction that is subject to rate or fee |
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regulation by a federal, state, or local governmental entity or an |
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agency of a federal, state, or local governmental entity; |
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[(B) a transaction conducted at a price and |
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subject to terms available to the public; or |
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[(C) a purchase or lease of goods or services |
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from a person that is chartered by a state or federal agency and |
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that is subject to regular examination by, and reporting to, that |
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agency.] |
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(2) "Family member" means a person related to another |
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person within the third [first] degree by consanguinity or the |
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second degree by affinity, as determined under [described by] |
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Subchapter B, Chapter 573, Government Code. |
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(2-d) "Investment income" means dividends, capital |
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gains, or interest income generated from: |
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(A) a personal or business: |
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(i) checking or savings account; |
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(ii) share draft or share account; or |
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(iii) other similar account; |
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(B) a personal or business investment; [or] |
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(C) a personal or business loan; or |
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(D) a trust. |
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SECTION 2. The changes in law made by this Act apply only to |
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an event requiring disclosure that occurs on or after January 1, |
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2024. An event requiring disclosure that occurs before that date is |
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governed by the law applicable to the event immediately before that |
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date, and the former law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2023. |