Texas HB4188 requires nonprofit organizations with sizeable contracts to disclose financial information to political subdivisions.

Texas HB4188 mandates that nonprofit organizations entering into contracts with political subdivisions worth more than $500,000 annually must disclose their operating budget and the salaries of employees earning more than the median salary of state employees. This information must be updated monthly and published on the political subdivision's website if it has one. The comptroller is tasked with determining the median salary of state employees each fiscal year, with the results published by October 1. The bill applies to contracts entered into after its effective date of September 1, 2025.

Texas HB4188 requires nonprofit organizations with sizeable contracts to disclose financial information to political subdivisions.

Texas HB4188 mandates that nonprofit organizations entering into contracts with political subdivisions worth more than $500,000 annually must disclose their operating budget and the salaries of employees earning more than the median salary of state employees. This information must be updated monthly and published on the political subdivision's website if it has one. The comptroller is tasked with determining the median salary of state employees each fiscal year, with the results published by October 1. The bill applies to contracts entered into after its effective date of September 1, 2025.