H.B. No. 2862 amends Section 305.005 of the Government Code to enhance transparency in lobbyist registration forms by requiring specific compensation and reimbursement information to be disclosed. The bill introduces a new subsection (g-2), which mandates that any compensation or reimbursement reported under Subsection (f)(6) must be stated as an exact amount if it was paid using taxpayer money. This change aims to ensure that the public has access to clear and precise financial information regarding lobbyist activities funded by taxpayer resources.

The provisions of this bill will apply only to registrations filed on or after its effective date of September 1, 2025. Registrations submitted before this date will continue to be governed by the existing laws in effect at the time of filing. This transition clause ensures that there is no retroactive application of the new reporting requirements, allowing for a smooth implementation of the updated regulations.

Statutes affected:
Introduced: Government Code 305.005 (Government Code 305)