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Reporting Total Contributions Maintained

The law requires you to disclose the total amount of political contributions accepted, including interest or other income on those contributions, maintained in one or more accounts in which political contributions are deposited as of the last day of the reporting period.

Our interpretation of the law has been that the “ total amount of political contributions maintained” includes not only bank and savings account balances, but also gains made from certain investments. Recently, the Commission adopted the following rule to explicitly provide what must be included in the total amount of political contributions maintained.

§ 20.50. Total Political Contributions Maintained

Note that when you calculate the total amount of contributions maintained, you are not required to reconcile your bank account or worry about checks that have not cleared by the end of the reporting period.

Please remember that if you wish to provide an explanation regarding the total amount of political contributions maintained disclosed on a report, you may do so in the “memo field” of the electronic filing software.

If you have any questions regarding your reporting requirements, please contact the Texas Ethics Commission legal department at 512-463-5800.