Bill: SB 501, 85(R) - 2017

Committee

Senate State Affairs

Companion Bill

HB 501

Vote Recommendation

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

Author(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

According to the Legislative Budget Board no significant fiscal implication to the State is anticipated.

Bill Analysis

SB 501 would amend the Government Code 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 SB 501.
Source URL (retrieved on 04/19/2024 10:04 AM): http://reports.texasaction.com/bill/85r/sb501?print_view=true