law23346

Chapter 346

2023 -- S 1135
Enacted 06/26/2023

A N A C T

RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- CODE OF ETHICS

Introduced By: Senator Ryan W. Pearson

Date Introduced: June 15, 2023

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 the person required to file the statement or any person enumerated in

subsection (a) of this section or a business entity in which he or she the person 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; however,

general officers, as defined in section § 17-2-1, shall list all sources and amounts of income in

excess of two hundred dollars ($200) according to the following categories:

(i) not Not more than $1,000

(ii) greater Greater than $1,000 but no more than $10,000

(iii) greater Greater than $10,000 but no more than $25,000

(iv) greater Greater than $25,000 but no more than $50,000

(v) greater Greater than $50,000 but no more than $100,000

(vi) greater Greater than $100,000 but no more than $200,000

(vii) greater Greater than $200,000 but no more than $500,000

(viii) greater Greater than $500,000 but no more than $1,000,000

(ix) greater Greater than $1,000,000;

(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 the person’s principal residence;

(4) Identification of any interested person from whom the person or his or her the person’s

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 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 code of Ethics ethics is authorized

to make, or to participate in the making of, as part of his or her the person’s 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 the person 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 the person 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, with the exception of any and all unsatisfied

default judgments; or

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.

SECTION 2. This act shall take effect on January 1, 2024.

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LC003241

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