Bill Text: TX HB257 | 2015-2016 | 84th Legislature | Introduced

Texas House Bill 257 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Relating to a judge's or justice's significant interest in a business entity that owns, manages, or operates a private correctional or rehabilitation facility.

Spectrum: Slight Partisan Bill (Republican 5-2)

Status: (Passed) 2015-06-17 - Effective on . . . . . . . . . . . . . . . [HB257 Detail]

Download: Texas-2015-HB257-Introduced.html



	By: Farney	H.B. No. 257



	A BILL TO BE ENTITLED
	AN ACT
	relating to a justice or judge having an interest in a business
	entity that owns, manages, or operates a private correctional or
	rehabilitation facility.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 21.010(b), Government Code, is amended
	to read as follows:
	(b) A justice or judge is considered to have a significant
	interest in a business entity described by Subsection (a) for
	purposes of this section if:
	(1) the justice or judge owns any voting stock or share
	or has a direct investment in the business entity [~~that represents~~
	~~the lesser of at least 10 percent or $15,000 of the fair market~~
	~~value of the business entity~~]; or
	(2) the justice or judge receives money from the
	business entity.
	SECTION 2. This Act takes effect January 1, 2017.