TX SB504

Nonprofit organizations with contracts exceeding $500,000 annually with counties, municipalities, or economic development corporations must disclose their operating budget and salaries of employees earning more than 200% of the median state employee salary

Disclosure must occur when the contract is signed and be updated within 30 days of each fiscal year until the contract expires

Political subdivisions with websites must publish and maintain the disclosed financial information online

Electric cooperatives, independent grid organizations (like ERCOT), and water supply corporations are exempt from the disclosure requirements

The comptroller must determine and publish the median state employee salary on their website by October 1 each year, and the attorney general may seek injunctive relief to enforce compliance