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

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

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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-Comm_Sub.html

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84R12632 YDB-F
By: Farney, Thompson of Harris, Sheets, H.B. No. 257
King of Hemphill
Substitute the following for H.B. No. 257:
By: Thompson of Harris C.S.H.B. No. 257

A BILL TO BE ENTITLED
AN ACT
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.
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.