Agenda - 06-17-1986 - Laserfiche WebLink

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• •§ 120-95. Legislators to file statement of economic interest with Legislative Services Officer. Every member of the General Assembly,however selected,shall by January 15 next following his election file a statement of economic interest with.the Legislative Services Officer of the General Assembly:A copy of the statement so filed shall be placed in the Legislative Library and shall be available for inspection and copying by any person during normal library hours.-On or before December 16 of the year members of the General Assembly are elected, the Legislative Services Officer shall cause notice of the filing requirement of this section to be mailed to all elected members of the General Assembly.(1975, c. 564, s. 1.) - § 120-96. Contents of statement. Any statement of economic interest filed under this Article shall be on a form prescribed by the Committee,and the person filing the statement shall supply the following information: (1) The identity, by name, of any business with which he, or any member of his immediate household, is associated; (2) The character and location of all real estate of a fair market.value in excess of five thousand dollars($5,000), other than his personal resi- dence(curtilage),in the State in-which he,or a member of his immedi- ate household, has any beneficial interest, including an option to buy and a lease for 10 years or over; (3) The type of each creditor to whom he, or a member of his immediate household, owes money,except indebtedness secured by lien upon his personal residence only, in excess of five thousand dollars ($5,000); (4) The name of each"vested trust" in which he or a member of his imme- diate household has a financial interest in excess of five thousand dollars ($5,000) and the nature of such interest; (5) The name and nature of his and,his immediate household member's respective business or profession 'or employer and the types of customers and types of clientele served; (6) A list of businesses with which he is associated that do business with the State, and a brief description of the nature of such business; (7) In the case of professional persons and associations,a list of classifica- tions of business clients which classes were charged or paid two thousand five hundred dollars ($2,500) or more during the previous calendar year for professional services rendered by him, his firm or • partnership.This list need not include the name of the client but shall list the type of the business of each such client or class of client, and brief description of the nature of the services rendered. (1975, c. 564, s. 1.) 120-97. Updating statements. Each person who is required to file a statement of economic interest under this Article shall file an updated statement at the office required by this Article by January 15 of the second year following his or her election on a form prescribed by the Legislative Ethics Committee.The Committee shall forward the form to those required to file same on or before December 16. (1975,c. 564, s. 1.) 120-98. Penalty for failure to file. (a) In the case of a candidate, if the statement of economic interest required by this Article is not filed when required herein, the county board of elections shall immediately notify the candidate that his name will not be placed on the ballot unless the statement is received within 15 days. If the statement is not received within 15 days, the candidate shall be disqualified and his filing fee returned. (b) In the case of a member, willful failure to file shall result in that mem- ber's not being allowed to take the oath.of office or enter or continue upon his duties or receive any compensation from public funds provided, however, the Committee may, for good cause shown, allow said member to file the required statement and remove his disability. (1975, c. 564, s. 1.)