|
|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
relating to the adjustment by the Texas Ethics Commission of |
|
monetary reporting thresholds. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Section 571.064(b), Government Code, is amended |
|
to read as follows: |
|
(b) If a law, other than Section 305.005, administered and |
|
enforced by the commission sets dollar amounts or categories of |
|
amounts as reporting thresholds or if the commission sets those |
|
amounts, the commission [annually] shall decennially adjust those |
|
thresholds upward to the nearest multiple of $100 [$10] in |
|
accordance with the percentage increase for the preceding 10 years |
|
[previous year] in the Consumer Price Index for Urban Consumers |
|
published by the Bureau of Labor Statistics of the United States |
|
Department of Labor. |
|
SECTION 2. (a) Notwithstanding the changes in law made by |
|
this Act to Section 571.064(b), Government Code, the Texas Ethics |
|
Commission is not required to adjust a threshold amount under that |
|
subsection until the 10th year following the date on which the |
|
commission most recently adjusted the amount before the effective |
|
date of this Act. |
|
(b) The changes in law made by this Act to Section |
|
571.064(b), Government Code, do not affect an adjustment made by |
|
the Texas Ethics Commission under that subsection before the |
|
effective date of this Act. An adjustment made before the effective |
|
date of this Act is governed by the law in effect when the |
|
adjustment was made, and the former law is continued in effect for |
|
that purpose. |
|
SECTION 3. This Act takes effect September 1, 2023. |