By: Geren (Senate Sponsor - King) H.B. No. 1957          (In the Senate - Received from the House May 1, 2023;   May 2, 2023, read first time and referred to Committee on Business &   Commerce; May 12, 2023, reported favorably by the following vote:     Yeas 11, Nays 0; May 12, 2023, sent to printer.)Click here to see the committee vote         COMMITTEE VOTE              YeaNayAbsentPNV          SchwertnerX          KingX          BirdwellX          CampbellX          CreightonX          JohnsonX          KolkhorstX          MenéndezX          MiddletonX          NicholsX          ZaffiriniX     A BILL TO BE ENTITLED   AN ACT     relating to the availability of financial information of nonprofit   corporations for public inspection.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 22.353, Business Organizations Code, is   amended to read as follows:          Sec. 22.353.  AVAILABILITY OF FINANCIAL INFORMATION FOR   PUBLIC INSPECTION. (a) A corporation shall keep each document the   corporation is required to make available for public inspection as   an entity that is exempt from income taxation under Section 501(a),   Internal Revenue Code of 1986, by being listed as an exempt   organization under Section 501(c)(3) of that code, [records, books,   and annual reports of the corporation's financial activity] at the   corporation's registered or principal office in this state for at   least three years after the close of the fiscal year.          (b)  The corporation shall make the documents described by   Subsection (a) [records, books, and reports] available to the   public for inspection and copying at the corporation's registered   or principal office during regular business hours. The corporation   may charge a reasonable fee for preparing a copy of a document    [record or report].          SECTION 2.  This Act takes effect September 1, 2023.     * * * * *