1 Tex. Admin. Code § 40.3 - PFS Required for Each Year of Service
(a) A
state officer who serves for any portion of a calendar year must file a PFS the
following year covering financial activity that occurred during the portion of
the year the state officer held office.
(b) A member of the legislature who retires
at the end of the member's term in January is not required to file a PFS
covering the calendar year of service in which member retires.
(c) Comments:
(1) For example, under subsection 40.3(a) of
this section, if a state officer ceases to be a state officer in October 2024,
the state officer is required to file a PFS in by the deadline provided by
§
572.026(a)
of the Government Code in calendar year 2025, covering financial activity that
occurred through October 2024, provided the state officer does not
holdover.
(2) Under subsection
40.3(b) of this section, a member of the legislature who retires at the end of
the member's term in January 2025 is required to file a PFS in 2025 covering
calendar year 2024. The member is not required to file a PFS in calendar year
2026 covering calendar year 2025 by virtue of service from January 1 to January
6 of 2025, before the member's successor is sworn into
office.
Notes
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