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TX HB3803

Bill

Status

Passed

6/20/2025

Primary Sponsor

Stan Lambert

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Financial information about perpetual care cemeteries and perpetual care trust funds obtained by the Texas Department of Banking through examinations or other means is designated as confidential, excluding published statements

  • Department files and records related to the financial condition of perpetual care cemeteries or funds are also classified as confidential

  • The commissioner may disclose confidential financial information to state or federal agencies if determined to be in the public interest and necessary for law enforcement purposes

  • Passed unanimously in the House (135-0) on April 30, 2025, and in the Senate (31-0) on May 25, 2025

  • Takes effect immediately with two-thirds legislative approval, otherwise September 1, 2025

Legislative Description

Relating to the confidentiality and disclosure of certain financial information of perpetual care cemeteries and perpetual care trust funds.

BANKING, TEXAS DEPARTMENT OF

Last Action

Effective immediately

6/20/2025

Committee Referrals

Business & Commerce5/1/2025
Pensions, Investments & Financial Services3/26/2025

Full Bill Text

No bill text available