88R13029 CJD-D     By: Johnson of Dallas H.B. No. 4053       A BILL TO BE ENTITLED   AN ACT   relating to the contents of the personal financial statement filed   by public officers and candidates.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 572.022(c), Government Code, is amended   to read as follows:          (c)  The individual filing the statement shall report a   description of real property by reporting:                (1)  the street address, if available, or the number of   lots or number of acres, as applicable, in each county, and the name   of the county, if the street address is not available; and                (2)  the names of all persons retaining an interest in   the property, excluding:                      (A)  an interest that is a severed mineral   interest; and                      (B)  the name of a person with an interest in the   property that holds a mortgage on the property that is otherwise   required to be reported in the statement.          SECTION 2.  Section 572.023, Government Code, is amended by   amending Subsection (b) and adding Subsections (h), (i), and (j) to   read as follows:          (b)  The account of financial activity consists of:                (1)  a list of all sources of occupational income,   identified by employer, or if self-employed, by the nature of the   occupation, including identification of a person or other   organization from which the individual or a business in which the   individual has a substantial interest received a fee as a retainer   for a claim on future services in case of need, as distinguished   from a fee for services on a matter specified at the time of   contracting for or receiving the fee, if professional or   occupational services are not actually performed during the   reporting period equal to or in excess of the amount of the   retainer[, and the category of the amount of the fee];                (2)  identification by name [and the category of the   number of shares of stock] of any business entity held or acquired,   except as provided by Subsection (j)[, and if sold, the category of   the amount of net gain or loss realized from the sale];                (3)  a list of all bonds, notes, and other commercial   paper held or acquired, except as provided by Subsection (j)[, and   if sold, the category of the amount of net gain or loss realized   from the sale];                (4)  identification of each source [and the category of   the amount] of income in excess of $500 derived from each source   from interest, dividends, royalties, and rents;                (5)  identification of each guarantor of a loan and   identification of each person or financial institution to whom a   personal note or notes or lease agreement for a total financial   liability in excess of $1,000 existed at any time during the year   [and the category of the amount of the liability];                (6)  identification by description of all beneficial   interests in real property and business entities held or acquired[,   and if sold, the category of the amount of the net gain or loss   realized from the sale];                (7)  identification of a person or other organization   from which the individual or the individual's spouse or dependent   children received a gift of anything of value in excess of $250 and   a description of each gift, except:                      (A)  a gift received from an individual related to   the individual at any time within the second degree by   consanguinity or affinity, as determined under Subchapter B,   Chapter 573;                      (B)  a political contribution that was reported as   required by Chapter 254, Election Code; and                      (C)  an expenditure required to be reported by a   person required to be registered under Chapter 305;                (8)  identification of the source [and the category of   the amount] of all income received as beneficiary of a trust, other   than a blind trust that complies with Subsection (c), and   identification of each trust asset, if known to the beneficiary,   from which income was received by the beneficiary in excess of $500;                (9)  identification[:                      [(A)  by description of a corporation, firm,   partnership, limited partnership, limited liability partnership,   professional corporation, professional association, joint venture,   or other business association in which five percent or more of the   outstanding ownership was held, acquired, or sold; and                      [(B)]  by description [and the category of the   amount] of all assets and liabilities of a corporation, firm,   partnership, limited partnership, limited liability partnership,   professional corporation, professional association, joint venture,   or other business association in which 50 percent or more of the   outstanding ownership was held, acquired, or sold;                (10)  a list of all boards of directors of which the   individual is a member and from which the individual receives   compensation and executive positions, only if the executive   position held is president, vice president, secretary, treasurer,   or chairman, that the individual holds in corporations, firms,   partnerships, limited partnerships, limited liability   partnerships, professional corporations, professional   associations, joint ventures, or other business associations or   proprietorships, stating the name of each corporation, firm,   partnership, limited partnership, limited liability partnership,   professional corporation, professional association, joint venture,   or other business association or proprietorship and the position   held;                (11)  identification of any person providing   transportation, meals, or lodging expenses permitted under Section   36.07(b), Penal Code, and the amount of those expenses, other than   expenditures required to be reported under Chapter 305;                (12)  any corporation, firm, partnership, limited   partnership, limited liability partnership, professional   corporation, professional association, joint venture, or other   business association, excluding a publicly held corporation, in   which both the individual and a person registered under Chapter 305   have an interest;                (13)  identification by name [and the category of the   number of shares] of any mutual fund held or acquired, except as   provided by Subsection (j)[, and if sold, the category of the amount   of net gain or loss realized from the sale];                (14)  identification of each blind trust that complies   with Subsection (c), including:                      (A)  [the category of the fair market value of the   trust;                      [(B)]  the date the trust was created;                      (B) [(C)]  the name and address of the trustee;   and                      (C) [(D)]  a statement signed by the trustee,   under penalty of perjury, stating that:                            (i)  the trustee has not revealed any   information to the individual, except information that may be   disclosed under Subdivision (8); and                            (ii)  to the best of the trustee's knowledge,   the trust complies with this section;                (15)  if the aggregate cost of goods or services sold   under one or more written contracts described by this subdivision   exceeds $10,000 in the year covered by the report, identification   of each written contract, including the name of each party to the   contract:                      (A)  for the sale of goods or services in the   amount of $2,500 or more;                      (B)  to which the individual, the individual's   spouse, the individual's dependent child, or any business entity of   which the individual, the individual's spouse, or the individual's   dependent child, independently or in conjunction with one or more   persons described by this subsection, has at least a 50 percent   ownership interest is a party; and                      (C)  with:                            (i)  a governmental entity; or                            (ii)  a person who contracts with a   governmental entity, if the individual or entity described by   Paragraph (B) performs work arising out of the contract,   subcontract, or agreement between the person and the governmental   entity for a fee; and                (16)  if the individual is a member of the legislature   and provides bond counsel services to an issuer, as defined by   Section 1201.002(1), identification of the following for each   issuance for which the individual served as bond counsel:                      (A)  the amount of the issuance; and                      (B)  the name of the issuer[;                      [(C)  the date of the issuance;                      [(D)  the amount of fees paid to the individual,   and whether the amount is:                            [(i)  less than $5,000;                            [(ii)  at least $5,000 but less than   $10,000;                            [(iii)  at least $10,000 but less than   $25,000; or                            [(iv)  $25,000 or more; and                      [(E)  the amount of fees paid to the individual's   firm, if applicable, and whether the amount is:                            [(i)  less than $5,000;                            [(ii)  at least $5,000 but less than   $10,000;                            [(iii)  at least $10,000 but less than   $25,000; or                            [(iv)  $25,000 or more].          (h)  For purposes of Subsection (b)(9):                (1)  "Asset" means a separate business entity, cash, or   real and personal property.                (2)  "Liability" means a note, line of credit, lien, or   corporate lease.          (i)  In prescribing the form and reporting requirements for a   financial statement filed under this chapter, the commission shall   ensure redundancies in reporting are reduced by combining, as   appropriate, reporting categories and limiting the need to report   information multiple times.          (j)  For purposes of Subsections (b)(2), (3), and (13), an   individual whose financial activity described by those   subdivisions is managed by a disinterested third party is not   required to report that information if the individual submits with   the financial statement a sworn statement that:                (1)  includes the name and address of the third party;   and                (2)  is signed by the third party under penalty of   perjury affirming that the third party manages the relevant assets   without the individual's input as to holding or acquiring specific   assets.          SECTION 3.  Section 572.024, Government Code, is amended to   read as follows:          Sec. 572.024.  INFORMATION ABOUT SERVICES FOR LOBBYISTS OR   LOBBYIST EMPLOYERS. A state officer who receives a fee for services   rendered by the officer to or on behalf of a person required to be   registered under Chapter 305, or to or on behalf of a person or   entity that the officer actually knows directly compensates or   reimburses a person required to be registered under Chapter 305,   shall report on the financial statement the name of each person or   entity for which the services were rendered [and the category of the   amount of each fee].          SECTION 4.  Section 572.025, Government Code, is amended to   read as follows:          Sec. 572.025.  INFORMATION ABOUT LEGISLATORS'   REPRESENTATION BEFORE EXECUTIVE STATE AGENCIES. A member of the   legislature who represents another person for compensation before   an executive state agency shall report on the financial statement:                (1)  the name of the agency; and                (2)  the person represented by the member[; and                [(3)  the category of the amount of compensation   received by the member for that representation].          SECTION 5.  Section 572.022(b), Government Code, is   repealed.          SECTION 6.  The changes in law made by this Act apply only to   a financial statement filed under Subchapter B, Chapter 572,   Government Code, on or after the effective date of this Act. A   financial statement filed before the effective date of this Act is   governed by the law in effect on the date of filing, and the former   law is continued in effect for that purpose.          SECTION 7.  This Act takes effect September 1, 2023.