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SF 2267

as introduced - 87th Legislature (2011 - 2012) Posted on 03/06/2012 09:33am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to campaign finance and public disclosure; modifying definition of
associated business; amending Minnesota Statutes 2010, section 10A.01,
subdivision 5.

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

Section 1.

Minnesota Statutes 2010, section 10A.01, subdivision 5, is amended to read:


Subd. 5.

Associated business.

new text begin (a) new text end "Associated business" means deleted text begin andeleted text end new text begin a person
or
new text end association, corporation, partnership, limited liability company, limited liability
partnership, or other organized legal entity from which the individual receives
compensation in excess of $50, except for actual and reasonable expenses, in any month
as a director, officer, owner, member, partner, employer or employee, or whose securities
the individual holds worth $2,500 or more at fair market value.

new text begin (b) "Associated business" also means a lobbyist, principal, or interested person
by whom the individual is compensated in excess of $200 in a year, except for actual
and reasonable expenses, for providing services to the lobbyist, principal, or interested
person as an independent contractor or consultant. If an individual is compensated by
an association for providing services to a lobbyist, principal, or interested person as an
independent contractor or consultant, "associated business" includes both the association
that pays the compensation and the lobbyist, principal, or interested person to whom
the services are provided.
new text end

new text begin (c) "Interested person" means a person or a representative of a person or association
that has a direct financial interest in a decision that the individual receiving the
compensation is authorized to make as a public or local official or will be authorized to
make upon becoming a public or local official. To be "direct," the financial interest of
the person or association paying the compensation to the individual must be of greater
consequence to the payer than the general interest of other residents or taxpayers of the
individual's governmental unit.
new text end