REPORTS BY A CANDIDATE FOR SPEAKER OF
THE TEXAS HOUSE OF REPRESENTATIVES
The following words and terms, when used in this Chapter 28, shall have the following meanings, unless the context clearly indicates otherwise: Campaign funds--For purposes of the Government Code, Chapter 302 (concerning Speaker of the House of Representatives), "campaign funds" as defined in §302.011 (concerning Definitions) shall include "interest earned" and shall include "interest paid."
For purposes of the Government Code, §302.013 (concerning Filing of Statement of Contributions, Loans, and Expenditures), a speaker candidate is considered to have terminated the candidacy when the candidate is no longer seeking the office or is ineligible to seek the office.
Each report required to be filed with the commission pursuant to the Government Code, § 302.013 (concerning Filing of Statement of Contributions, Loans, and Expenditures), shall set forth the total amount of interest earned during the reporting period.
As required by the Government Code, §302.020 (concerning Permitted Expenditures), a speaker candidate shall not expend campaign funds for any purpose other than those permitted by §302.020 (concerning Permitted Expenditures), and then only if those expenditures are directly related to the speaker candidacy; provided, that this section is not intended to prohibit the payment from campaign funds of federal income taxes due on campaign funds.
All contributed campaign funds shall be maintained in accounts separate and apart from any other accounts.