Text: SF00377                           Text: SF00379
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Bills and Amendments: General Index     Bill History: General Index



Senate File 378

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 68B.35, subsections 2, 4, and 5, Code
  1  2 1999, are amended to read as follows:
  1  3    2.  The financial statement information required by this
  1  4 section under subsection 1 shall be filed by the following
  1  5 persons:
  1  6    a.  Any statewide elected official.
  1  7    b. a.  The executive or administrative head or heads of any
  1  8 agency of state government.
  1  9    c. b.  The deputy executive or administrative head or heads
  1 10 of an agency of state government.
  1 11    d. c.  The head of a major subunit of a department or
  1 12 independent state agency whose position involves a substantial
  1 13 exercise of administrative discretion or the expenditure of
  1 14 public funds as defined under rules adopted by the board,
  1 15 pursuant to chapter 17A, in consultation with the department
  1 16 or agency.
  1 17    e. d.  Members of the banking board, the ethics and
  1 18 campaign disclosure board, the credit union review board, the
  1 19 economic development board, the employment appeal board, the
  1 20 environmental protection commission, the health facilities
  1 21 council, the Iowa business investment corporation board of
  1 22 directors, the Iowa finance authority, the Iowa seed capital
  1 23 corporation, the Iowa public employees' retirement system
  1 24 investment board, the lottery board, the natural resource
  1 25 commission, the board of parole, the petroleum underground
  1 26 storage tank fund board, the public employment relations
  1 27 board, the state racing and gaming commission, the state board
  1 28 of regents, the tax review board, the transportation
  1 29 commission, the office of consumer advocate, the utilities
  1 30 board, the Iowa telecommunications and technology commission,
  1 31 and any full-time members of other boards and commissions as
  1 32 defined under section 7E.4 who receive an annual salary for
  1 33 their service on the board or commission.
  1 34    f.  Members of the general assembly.
  1 35    g.  Candidates for state office.
  2  1    h. e.  Legislative employees who are the head or deputy
  2  2 head of a legislative agency or whose position involves a
  2  3 substantial exercise of administrative discretion or the
  2  4 expenditure of public funds.
  2  5    4.  The ethics committee of each house of the general
  2  6 assembly shall recommend rules for adoption by each house for
  2  7 the time and manner for the filing of financial statements by
  2  8 members or employees of the particular house.  The legislative
  2  9 council shall adopt rules for the time and manner for the
  2 10 filing of financial statements by legislative employees of the
  2 11 central legislative staff agencies.  The rules shall provide
  2 12 for the filing of the financial statements with either the
  2 13 chief clerk of the house, the secretary of the senate, or
  2 14 other appropriate person or body.  The rules shall provide
  2 15 that financial statements filed by members of each house
  2 16 reflect information which is current as of the time of filing
  2 17 the financial statement and for amendment of the information
  2 18 if the information changes during the time period covered by
  2 19 the financial statement.
  2 20    5.  A candidate for statewide office shall file a financial
  2 21 statement with the ethics and campaign disclosure board, a
  2 22 candidate for the office of state representative shall file a
  2 23 financial statement with the chief clerk of the house of
  2 24 representatives, and a candidate for the office of state
  2 25 senator shall file a financial statement with the secretary of
  2 26 the senate.  Statements shall contain information concerning
  2 27 the year preceding the year in which the election is to be
  2 28 held.  The statement shall be filed no later than thirty days
  2 29 after the date on which a person is required to file
  2 30 nomination papers for state office under section 43.11, or, if
  2 31 the person is a candidate in a special election, as soon as
  2 32 practicable after the certification of the name of the nominee
  2 33 under section 43.88, but the statement shall be postmarked no
  2 34 later than seven days after certification.  The ethics and
  2 35 campaign disclosure board shall adopt rules pursuant to
  3  1 chapter 17A providing for the filing of the financial
  3  2 statements with the board and for the deposit, retention, and
  3  3 availability of the financial statements.  The rules shall
  3  4 provide for amendment of the information contained in the
  3  5 financial statements if the information changes during the
  3  6 time period covered by the financial statement.  The ethics
  3  7 committees of the house of representatives and the senate
  3  8 shall recommend rules for adoption by the respective houses
  3  9 providing for the filing of the financial statements with the
  3 10 chief clerk of the house or the secretary of the senate and
  3 11 for the deposit, retention, and availability of the financial
  3 12 statements.  The rules shall provide for amendment of the
  3 13 information contained in the financial statements if the
  3 14 information changes during the time period covered by the
  3 15 financial statement.  Rules adopted shall also include a
  3 16 procedure for notification of candidates of the duty to file
  3 17 disclosure financial statements under this section.
  3 18    Sec. 2.  Section 68B.35, Code 1999, is amended by adding
  3 19 the following new subsections:
  3 20    NEW SUBSECTION.  2A.  A statewide elected official, members
  3 21 of the general assembly, and candidates for state office shall
  3 22 file financial statements which contain all of the following:
  3 23    a.  The name of any business, organization, or entity in
  3 24 which the official, member, or candidate is employed.  If the
  3 25 official, member, or candidate is self-employed and is doing
  3 26 business under the official's, member's, or candidate's given
  3 27 name, the official, member, or candidate shall indicate that
  3 28 the person is self-employed.  If the official, member, or
  3 29 candidate is self-employed, and is doing business under a name
  3 30 other than the official's, member's, or candidate's given
  3 31 name, the official, member, or candidate shall indicate that
  3 32 the person is self-employed and list the name of the person's
  3 33 business.  If the official, member, or candidate is not
  3 34 employed by another person or is not self-employed, the person
  3 35 shall indicate that the person is not employed.
  4  1    b.  The nature of the business in which the official,
  4  2 member, or candidate is employed or self-employed, if the
  4  3 official, member, or candidate is employed or self-employed.
  4  4    c.  The job title or position held within any business in
  4  5 which the official, member, or candidate is employed or self-
  4  6 employed.
  4  7    d.  If the official, member, or candidate is employed or
  4  8 self-employed, the range in which annual compensation received
  4  9 or earned falls, in the following ranges:
  4 10    (1)  $        0 through $9,999.99.
  4 11    (2)  $  10,000 through $24,999.99.
  4 12    (3)  $  25,000 through $49,999.99.
  4 13    (4)  $  50,000 through $99,999.99.
  4 14    (5)  $100,000 through $149,999.99.
  4 15    (6)  $150,000 through $249,999.99.
  4 16    (7)  $250,000 through $499,999.99.
  4 17    (8)  $500,000 through $999,999.99.
  4 18    (9)  $1,000,000 and above.
  4 19    e.  The information required in paragraphs "a" through "d",
  4 20 where applicable, for the spouse of the official, member, or
  4 21 candidate.
  4 22    f.  A list of any other sources of income and type of
  4 23 interest held, if the source produces more than one thousand
  4 24 dollars annually in gross income.  The list shall include the
  4 25 name of the corporation, business, or other entity from which
  4 26 the income is derived and, if not apparent from the name, the
  4 27 nature of the business of the corporation, business, or other
  4 28 entity from which the income is derived.  The type of interest
  4 29 held may be listed under any of the following categories, or
  4 30 under any other categories as may be established by rule:
  4 31    (1)  Securities.
  4 32    (2)  Instruments of financial institutions.
  4 33    (3)  Trusts.
  4 34    (4)  Real estate.
  4 35    (5)  Retirement systems.
  5  1    (6)  Other types of income or income categories specified
  5  2 in state and federal income tax regulations.
  5  3    NEW SUBSECTION.  6.  The secretary of the senate and the
  5  4 chief clerk of the house shall forward copies of any personal
  5  5 financial disclosure statements received from members of and
  5  6 candidates for the general assembly to the ethics and campaign
  5  7 disclosure board.  The board shall add the information to any
  5  8 files maintained which pertain to the particular member of or
  5  9 candidate for the general assembly and shall add the
  5 10 information, when possible, to any electronic databases or
  5 11 files which are publicly accessible from remote locations.  
  5 12                           EXPLANATION 
  5 13    This bill changes requirements for personal financial
  5 14 disclosure by statewide elected officials, members of the
  5 15 general assembly, and candidates for state office.  The bill
  5 16 makes current reporting requirements inapplicable to statewide
  5 17 elected officials, members of the general assembly, and
  5 18 candidates for state office.  The bill replaces those
  5 19 requirements with more specific requirements for those
  5 20 individuals.
  5 21    Under the bill, statewide elected officials, members of the
  5 22 general assembly, and candidates for state office must
  5 23 disclose the name and nature of any business in which they are
  5 24 employed or self-employed, and any job title or position held
  5 25 within the business.  If the person is not employed, or is
  5 26 self-employed in a business that operates under the person's
  5 27 given name, that information is to be disclosed also.  The
  5 28 person is also to disclose the person's compensation within
  5 29 specified ranges.  All of the employment information is also
  5 30 to be disclosed for the person's spouse.
  5 31    Under the bill, statewide elected officials, members of the
  5 32 general assembly, and candidates for state office are also to
  5 33 disclose the name of any entity from which income of more than
  5 34 $1,000 in gross income is derived, the nature of the business
  5 35 of the entity from which the income is derived, and the type
  6  1 of interest held, by category.
  6  2    All information required to be disclosed by statewide
  6  3 elected officials, members of the general assembly, and
  6  4 candidates for state office must be current as of the time of
  6  5 filing and must be amended if the information changes.  The
  6  6 secretary of the senate and the chief clerk of the house are
  6  7 required to forward copies of any personal financial
  6  8 disclosure statements received to the ethics and campaign
  6  9 disclosure board.  The ethics and campaign disclosure board is
  6 10 to add the information to the board's files and add, where
  6 11 possible, the same information to any electronic databases or
  6 12 files which are publicly accessible from remote locations.
  6 13    Knowing and intentional violations of the requirements of
  6 14 Code section 68B.35 are punishable as serious misdemeanors
  6 15 under Code section 68B.25.  A serious misdemeanor carries a
  6 16 possible punishment of not less than $250 but not more than
  6 17 $1,500, imprisonment for up to one year, or both fine and
  6 18 imprisonment.  
  6 19 LSB 2572XS 78
  6 20 lh/cf/24
     

Text: SF00377                           Text: SF00379
Text: SF00300 - SF00399                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

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