HF 706

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to ethics in government; economic disclosure;
requiring disclosures concerning immediate family
members and certain contracts and other arrangements;
amending Minnesota Statutes 2004, section 10A.09,
subdivision 5.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2004, section 10A.09,
subdivision 5, is amended to read:

Subd. 5.

Form.

A statement of economic interest required
by this section must be on a form prescribed by the board. The
individual filing must provide the following
information new text begin regarding the individual and each member of the
individual's immediate family new text end :

(1) name, address, occupation, and principal place of
business;

(2) the name of each associated business and the nature of
that association;

(3) a listing of all real property within the state,
excluding homestead property, in which the individual new text begin or a
member of the individual's immediate family new text end holds: (i) a fee
simple interest, a mortgage, a contract for deed as buyer or
seller, or an option to buy, whether direct or indirect, if the
interest is valued in excess of $2,500; or (ii) an option to
buy, if the property has a fair market value of $50,000 or more;

(4) a listing of all real property within the state in
which a partnership new text begin , new text end of which the individual new text begin or a member of the
individual's immediate family new text end is a member new text begin , new text end holds: (i) a fee
simple interest, a mortgage, a contract for deed as buyer or
seller, or an option to buy, whether direct or indirect, if the
individual's share of the partnership interest is valued in
excess of $2,500; or (ii) an option to buy, if the property has
a fair market value of $50,000 or more. A listing under clause
(3) or (4) must indicate the street address and the municipality
or the section, township, range and approximate acreage,
whichever applies, and the county in which the property is
located; deleted text begin and
deleted text end

(5) a listing of any investments, ownership, or interests
in property connected with pari-mutuel horse racing in the
United States and Canada, including a race horse, in which the
individual directly or indirectly holds a partial or full
interest or an immediate family member holds a partial or full
interest new text begin ; and
new text end

new text begin (6) any contract or other arrangement under which the
individual or a member of the individual's immediate family will
perform services for compensation as a consultant, employee, or
independent contractor for a person or entity other than the
state. Disclosure under this clause must include the person or
entity for which services will be performed, the duration of the
arrangement, and the compensation the individual or immediate
family member will receive under the arrangement new text end .