Texas SB504 requires nonprofit organizations with contracts over $500,000 to disclose financial details to political subdivisions.

Texas SB504 mandates that nonprofit organizations with contracts exceeding $500,000 annually disclose their operating budgets and employee salaries exceeding state medians to political subdivisions. These political subdivisions must then publish this information on their websites. The bill applies to contracts entered into after its effective date of September 1, 2025.

Texas SB504 requires nonprofit organizations with contracts over $500,000 to disclose financial details to political subdivisions.

Texas SB504 mandates that nonprofit organizations with contracts exceeding $500,000 annually disclose their operating budgets and employee salaries exceeding state medians to political subdivisions. These political subdivisions must then publish this information on their websites. The bill applies to contracts entered into after its effective date of September 1, 2025.