Chapter 248
2004 -- H 8443
Enacted 07/01/04
A N A C T
RELATING
TO THE CODE OF ETHICS
Introduced
By: Representatives Fox, Costantino, Lewiss, Lima, and Crowley
Date
Introduced: April 22, 2004
It is
enacted by the General Assembly as follows:
SECTION
1. Section 36-14-17 of the General Laws in Chapter 36-14 entitled "Code of
Ethics"
is hereby amended to read as follows:
36-14-17.
Content of financial statement. -- (a) The financial statement required
herein
shall
be on a form prescribed by the commission and shall include the account of the
financial
activity
of the person required to file the statement by this chapter, the financial
activity of his or
her spouse
(if not estranged), and any dependent children for the preceding calendar year.
(b) The account of financial activity referred to in subsection (a) of this
section shall
consist
of:
(1) If he or she or any person enumerated in subsection (a) of this section or
a business
entity
in which he or she or any person enumerated as aforesaid held a ten percent
(10%) or
greater
equity interest or five thousand dollars ($5,000) or greater cash value
interest at any time
during
the calendar year for which the statement is required has done business with a
state or
municipal
agency or a business which is subject to direct regulation greater than of a de
minimus
nature
by a state or municipal agency, and if so, the date and nature of the business;
(2) A list of all sources of occupational income identified by employer or, if
self
employed,
by the nature of occupation or profession, and if income was received from a
state or
municipal
agency, the name and address of the agency and the nature of the services
rendered;
(3) A listing of all real property in which a financial interest was held;
however, this
section
shall not apply to real property used exclusively as his or her principal
residence;
(4) Identification of any interested person, business entity, or
other organization from
whom
the person or his or her spouse (if not estranged) or any dependent child
received a gift or
contribution
of money or property in excess of one hundred dollars ($100) in value or a
series of
gifts
or contributions of money or property, the total of which exceeds one hundred
dollars ($100)
in
value received from the same source, and a description of each gift or
contributions, except
those
received from persons related to the person at any time within the third degree
of
consanguinity
or affinity and campaign contributions which were reported as required by law; for
purposes
of this subsection, “interested person,” means a person or a representative of
a person or
business
that has a direct financial interest in a decision that the person subject to
the Code of
Ethics
is authorized to make, or to participate in the making of, as part of his or
her official
duties;
(5) Identification of the source of all income received as beneficiary of a
trust and
identification
of each asset, if known to the beneficiary, from which income was received by
the
beneficiary
in excess of one thousand dollars ($1,000);
(6) A list of all boards of directors of which the person is a member and executive
positions
which he or she holds in any business entity, stating the name and address of
each
business
entity;
(7) The name and address of any business entity in which he or she or any
person
enumerated
in subsection (a) of this section held a ten percent (10%) or greater equity
interest or
five
thousand dollars ($5,000) or greater cash value interest in at any time during
the calendar
year
for which the statement is required; and
(8) (i) Identification of any person, business entity, financial institution or
other
organization
to whom the person was indebted at any time during the calendar year for which
the
statement
is required in an amount in excess of one thousand dollars ($1,000) other than:
(A) Any person related to the person at any time within the third degree of
consanguinity
or
affinity; or
(B) Any transactions involving credit cards; or
(C) Any indebtedness to a financial institution, licensed and regulated by any
state or by
the
United States, which is secured solely by a mortgage of record on real property
used
exclusively
as the principal residence of the person required to file the statement.
(ii) This section does not require the reporting of the amount or amounts of
the
indebtedness
or the payment record of the loans.
(c) The financial statement shall be sworn to under oath.
SECTION
2. This act shall take effect upon passage.
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LC03193
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