Texas § GV.572.022 - REPORTING CATEGORIES
Full text of Texas The Texas Constitution § GV.572.022 — REPORTING CATEGORIES, with citation guidance and answers to common questions.
§ GV.572.022. REPORTING CATEGORIES
REPORTING CATEGORIES; REQUIRED DESCRIPTIONS. (a) If an amount in a financial statement is required to be reported by category, the individual filing the statement shall report whether the amount is: (1) less than $5,000; (2) at least $5,000 but less than $10,000; (3) at least $10,000 but less than $25,000; or (4) $25,000 or more. (b) The individual filing the statement shall report an amount of stock by category of number of shares instead of by category of dollar value and shall report whether the amount is: (1) less than 100 shares; (2) at least 100 but less than 500 shares; (3) at least 500 but less than 1,000 shares; (4) at least 1,000 but less than 5,000 shares; (5) at least 5,000 but less than 10,000 shares; or (6) 10,000 shares or more. (c) The individual filing the statement shall report a description of real property by reporting: (1) the street address, if available, or the number of lots or number of acres, as applicable, in each county, and the name of the county, if the street address is not available; and (2) the names of all persons retaining an interest in the property, excluding an interest that is a severed mineral interest. (d) For a gift of cash or a cash equivalent such as a negotiable instrument or gift certificate that is reported in accordance with Section 572.023 (b)(7), the individual filing the statement shall include in the description of the gift a statement of the value of the gift. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 2003, 78th Leg., ch. 249, Sec. 5.02, eff. Sept. 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 342 (S.B. 129 ), Sec. 1, eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 342 (S.B. 129 ), Sec. 2, eff. September 1, 2007.
Frequently Asked Questions About Texas § GV.572.022
What does The Texas Constitution § GV.572.022 cover?
Section GV.572.022 ("REPORTING CATEGORIES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.572.022?
A common citation format is "The Texas Constitution § GV.572.022" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.572.022 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.