Section 253.038 - Payments Made to Purchase Real Property or to Rent Certain Real Property Prohibited(a) A candidate or officeholder or a specific-purpose committee for supporting, opposing, or assisting the candidate or officeholder may not knowingly make or authorize a payment from a political contribution to purchase real property or to pay the interest on or principal of a note for the purchase of real property.(a-1) A candidate or officeholder or a specific-purpose committee for supporting, opposing, or assisting the candidate or officeholder may not knowingly make or authorize a payment from a political contribution for the rental or purchase of real property from: (1) a person related within the second degree by consanguinity or affinity, as determined under Chapter 573, Government Code, to the candidate or officeholder; or(2) a business in which the candidate or officeholder or a person described by Subdivision (1) has a participating interest of more than 10 percent, holds a position on the governing body, or serves as an officer.(b) A person who violates this section commits an offense. An offense under this subsection is a Class A misdemeanor.(c) This section does not apply to a payment made in connection with real property that was purchased before January 1, 1992.Tex. Elec. Code § 253.038
Amended by Acts 2007, 80th Leg., R.S., Ch. 1087, Sec. 1, eff. 9/1/2007.Amended by Acts 2007, 80th Leg., R.S., Ch. 1087, Sec. 2, eff. 9/1/2007.Added by Acts 1991, 72nd Leg., ch. 304, Sec. 5.07, eff. 1/1/1992.