Bill Text: TX HB4125 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to inaugural contribution limits and the disclosure of inaugural contributions and expenditures.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-03-21 - Referred to State Affairs [HB4125 Detail]
Download: Texas-2023-HB4125-Introduced.html
88R1343 JG-D | ||
By: Martinez Fischer | H.B. No. 4125 |
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relating to inaugural contribution limits and the disclosure of | ||
inaugural contributions and expenditures. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 401.004(a), Government Code, is amended | ||
to read as follows: | ||
(a) Subject to Section 401.0045, a [ |
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funds, services, or other things of value to pay the expenses of or | ||
otherwise provide for an inauguration. This contribution is not a | ||
political contribution for purposes of state law regulating | ||
political contributions or prohibiting a contribution by a | ||
corporation or labor organization. | ||
SECTION 2. Subchapter A, Chapter 401, Government Code, is | ||
amended by adding Section 401.0045 to read as follows: | ||
Sec. 401.0045. INAUGURAL CONTRIBUTION LIMITS; DISCLOSURE | ||
STATEMENT. (a) In this section "political committee" has the | ||
meaning assigned by Section 251.001, Election Code. | ||
(b) Inaugural contributions made by a person under Section | ||
401.004 are subject to the following contribution limits: | ||
(1) for a person other than a person described by | ||
Subdivision (3), the total amount of contributions may not exceed | ||
$2,500; | ||
(2) for a political committee, the total amount of | ||
contributions may not exceed $7,500; and | ||
(3) for a corporation that does business with this | ||
state or an officer or other representative of the corporation, the | ||
total amount of contributions may not exceed $7,500. | ||
(c) Not later than the 30th day after the date of the | ||
inauguration, the inaugural committee shall provide to the Texas | ||
Ethics Commission a disclosure statement on the total inaugural | ||
contributions received by the committee and the total expenditures | ||
made by the committee for the inauguration. The disclosure | ||
statement must include: | ||
(1) if the total contributions or expenditures do not | ||
exceed $1,000, a statement that the contributions received or the | ||
expenditures made, as applicable, do not exceed that amount; or | ||
(2) if the total contributions or expenditures exceed | ||
$1,000, an itemized statement of the following: | ||
(A) for each contribution of $500 or more: | ||
(i) the full name and principal address of | ||
the person making the contribution; | ||
(ii) the amount of the contribution; and | ||
(iii) the date the contribution was | ||
received by the committee; | ||
(B) for all contributions of less than $500, the | ||
total amount of those contributions; | ||
(C) for each person paid $500 or more by the | ||
committee: | ||
(i) the full name and principal address of | ||
the person; | ||
(ii) the total amount paid to the person; | ||
and | ||
(iii) each purpose for which the person was | ||
paid; and | ||
(D) for all persons paid less than $500 by the | ||
committee: | ||
(i) the total amount of those expenditures; | ||
and | ||
(ii) the total amount for each category of | ||
expenditure. | ||
SECTION 3. The changes in law made by this Act apply only to | ||
inaugural contributions or expenditures made on or after the | ||
effective date of this Act. | ||
SECTION 4. This Act takes effect September 1, 2023. |