AUSTIN (AP) – The Texas Ethics Commission has fined Gov. Rick Perry $1,500 for not reporting rental income on a home in College Station and loans he took on the property.

The income and loans were supposed to be reported on his personal financial statements in 2009 and 2010. According to the commission, the total undisclosed income was between $7,000 and $29,995.

After the Texas Democratic Party complained about the reports in July 2010, Perry filed corrected statements. The new statements, Perry said the income and loans were “inadvertently” omitted.

The ethics panel ruling said the fine was “necessary to deter future violations.”

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