ADOPTED RULE

At its June 10, 2008, meeting, the Texas Ethics Commission voted to adopt the following rule:

Political Contributions Maintained
(Effective July 1, 2008)
Text of Adopted Rule


Political Contributions Maintained
Text of Adopted Rule

The new language is italicized.

Chapter 20.  REPORTING POLITICAL CONTRIBUTIONS AND EXPENDITURES

Subchapter B:  General Reporting Rules

§ 20.50. Total Political Contributions Maintained

(a) For purposes of Election Code §§ 254.031(a)(8) and 254.0611(a)(1), the total amount of political contributions maintained in one or more accounts includes the following:

(1) Balance on deposit in banks, savings and loan institutions and other depository institutions; and

(2) The present value of any investments that can be readily converted to cash, such as certificates of deposit, money market accounts, stocks, bonds, treasury bills, etc.

(b) For purposes of Election Code §§ 254.031(a)(8) and 254.0611(a)(1), the total amount of political contributions maintained does not include personal funds that the filer intends to use for political expenditures.

 

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