Relating to the contents and filing of personal financial statements with the Texas Ethics Commission and the removal of certain information in certain statements from public view.

89(R) SB 3013 - Senate Committee Report version - Bill Text

By: Creighton

S.B. No. 3013

(In the Senate - Filed March 14, 2025; April 7, 2025, read

first time and referred to Committee on State Affairs;

April 16, 2025, reported adversely, with favorable Committee

Substitute by the following vote: Yeas 8, Nays 1; April 16, 2025,

sent to printer.)
Click here to see the committee vote

COMMITTEE SUBSTITUTE FOR S.B. No. 3013

By: Perry

A BILL TO BE ENTITLED

AN ACT

relating to the contents and filing of personal financial

statements with the Texas Ethics Commission and the removal of

certain information in certain statements from public view.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 572.023(b), Government Code, is amended

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,

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, 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 executive positions 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, 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;

(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.

SECTION 2. Section 572.031(b), Government Code, is amended

to read as follows:

(b) If the commission determines that an individual has

failed to file the statement in compliance with this subchapter,

the commission shall send a written statement of the determination

to the
individual
[
appropriate prosecuting attorneys of the state
].

SECTION 3. Section 572.032, Government Code, is amended by

amending and reenacting Subsection (a-1) as amended by Chapters 34

(S.B. 1576) and 983 (H.B. 776), Acts of the 85th Legislature,

Regular Session, 2017, and adding Subsection (a-2) to read as

follows:

(a-1) Before permitting a member of the public to view a

financial statement filed under this subchapter or providing a copy

of the statement to a member of the public, the commission shall

remove from the statement, if applicable, the home address of:

(1) a
state officer
[
judge or justice
]; [
or
]

(2) a
partisan or independent candidate for an

elective office; or

(3) a state party chair
[
member of the governing board

or executive head of the Texas Civil Commitment Office
].

(a-2)
[
(a-1)
] The commission shall remove the home address,

the telephone number, and the names of the dependent children of an

individual from a financial statement filed by the individual under

this subchapter before:

(1) permitting a member of the public to view the

statement;

(2) providing a copy of the statement to a member of

the public; or

(3) making the statement available to the public on

the commission's Internet website, if the commission makes

statements filed under this subchapter available on its website.

SECTION 4. The changes in law made by this Act apply only to

a financial statement required to be filed under Subchapter B,

Chapter 572, Government Code, on or after the effective date of this

Act. A financial statement required to be filed before the

effective date of this Act is governed by the law in effect on the

date the statement is required to be filed, and the former law is

continued in effect for that purpose.

SECTION 5. This Act takes effect September 1, 2025.

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