Many nonprofits may encounter a new compliance requirement that doesn’t make a lot of sense. The 2015 Texas legislative session saw a lot of activity regarding the contracting and procurement procedures of state and local government agencies. One result was the passage of House Bill 1295, which requires filing with the Texas Ethics Commission the new Form 1295 detailing the business or nonprofit organization entering into a contract of $1 million or more with a state or local government entity. [Read more…]