What is the consequence of failing to report contributions and expenditures over $50 under the Texas Campaign Reporting and Disclosure Act?

The consequence of failing to report contributions and expenditures over $50 under the Texas Campaign Reporting and Disclosure Act includes both civil and criminal penalties. This legislation is designed to ensure transparency and accountability in campaign finance. By mandating the reporting of contributions and expenditures, it aims to prevent corruption and undue influence in the political process.

When individuals or entities do not comply with these reporting requirements, they face serious repercussions. Civil penalties can include monetary fines, while criminal penalties may involve criminal charges, which could result in more severe consequences, including imprisonment or significant additional fines. These penalties act as a deterrent to non-compliance and emphasize the importance of maintaining integrity in campaign finance practices.