TITLE: Relating to the reporting of political contributions from corporations or labor organizations by certain political parties.

SUMMARY: Relating to the reporting of political contributions from corporations or labor organizations by certain political parties.

FULL TEXT:
AN ACT relating to the reporting of political contributions from corporations or labor organizations by certain political parties. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 257.003, Election Code, is amended by amending Subsection (a) and adding Subsection (e) to read as follows: (a) A political party that accepts contributions authorized by Section 253.104 shall report all contributions and expenditures made to and from the account required by Section 257.002,except as provided by Subsection (e).(e) A county executive committee of a political party is not required to file a report under this section if the committee: (1) has less than $250 in one or more accounts maintained by the committee in which contributions authorized by Section 253.104 are deposited, as of the last day of the preceding reporting period; (2) has not accepted any contributions authorized by Section 253.104 during the reporting period to be covered by the report; and (3) has not made an expenditure from contributions authorized by Section 253.104 during the reporting period to be covered by the report. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.