Bill: HB 501, 85(R) - 2017

Committee

House General Investigating & Ethics

2nd Chamber Committee

Senate State Affairs

Companion Bill

SB 501

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
Yes Neutral Neutral Neutral Positive Neutral

Author(s)

Giovanni Capriglione

Sponsor(s)

Van Taylor

Bill Caption

Relating to the disclosure of certain contracts, services, and compensation in personal financial statements filed by public officers and candidates.

Fiscal Notes

No significant fiscal implication to the state is anticipated.

Bill Analysis

HB 501 would amend the Government Code pertaining to financial statements filed by certain public officials and candidates for elected office to add that if a contract exceeds $10,000 the following must be reported: the name of each party in the contract for the sale of $2,500 or more, and if the individual, the individual’s family, or business entity if they have at least 50% interest with a governmental entity or a person who contracts with the governmental entity. Also if a member of the legislature provides bond counsel services the information on the name and date of the issuance, the amount, and the amount of fees must be reported. Finally, any compensation for legal referrals must be reported.

Vote Recommendation Notes

This bill enhances our limited government principle by taking a measure to increase transparency of public officers and candidates on financial disclosure forms. We support HB 501.  

Organizations Supporting

Empower Texans
League of Women Voters of Texas

Organizations Opposed

American Heart Association
Source URL (retrieved on 04/20/2024 11:04 AM): http://reports.texasaction.com/bill/85r/hb501?print_view=true