Assembly Bill No. 611–Committee on Elections,
Procedures, and Ethics
March 18, 1999
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Referred to Committee on Elections, Procedures, and Ethics
SUMMARY—Revises provisions governing financial disclosure statements of certain public and judicial officers. (BDR 23-1590)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: No.
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EXPLANATION – Matter in
bolded italics is new; matter between brackets
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
1-1
Section 1. NRS 281.561 is hereby amended to read as follows: 281.5611-3
1. Except as otherwise provided in subsection 2 or 3, if a candidate1-4
for public or judicial office1-5
entitled to receive compensation for serving in the office in question, he1-6
shall file with the commission, and with the officer with whom1-7
declarations of candidacy for1-8
filed, a statement of financial disclosure, as follows:1-9
1-10
statement of financial disclosure no later than the 10th day after the last1-11
day to qualify as a candidate for the office.1-12
1-13
of an elected public or judicial officer shall file a statement of financial1-14
disclosure within 30 days after his appointment.1-15
1-16
shall file a statement of financial disclosure on or before March 31 of each1-17
year of the term, including the year the term expires.2-1
2-2
than the expiration of his term or anniversary of his appointment or2-3
election, shall file a statement of financial disclosure within 60 days after2-4
leaving office.2-5
2. A statement filed pursuant to one of the2-6
paragraphs of subsection 1 may be used to satisfy the requirements of2-7
another paragraph of subsection 1 if the initial statement was filed2-8
2-9
be filed. The public or judicial officer shall notify the commission in2-10
writing of his intention to use the previously filed statement to fulfill the2-11
present requirement.2-12
3. If a person is serving in a public or judicial office for which he is2-13
required to file a statement pursuant to subsection 1, he may use the2-14
statement he files for that initial office to satisfy the requirements of2-15
subsection 1 for every other public or judicial office in which he is also2-16
serving. The person shall notify the commission in writing of his2-17
intention to use the statement for the initial office to fulfill the2-18
requirements of subsection 1 for every other office.2-19
4. A person may satisfy the requirements of2-20
by filing with the commission a copy of a statement of financial disclosure2-21
2-22
local ethics committee if the form of the statement has been approved by2-23
the commission.2-24
Sec. 2. NRS 281.571 is hereby amended to read as follows: 281.571 1. Statements of financial disclosure, as approved pursuant2-26
to NRS 281.541 or in such form as the commission otherwise prescribes,2-27
must contain the following information concerning the candidate or public2-28
or judicial officer:2-29
(a) His length of residence in the State of Nevada and the district in2-30
which he is registered to vote.2-31
(b) Each source of his income,2-32
household2-33
clients, customers2-34
2-35
who provided him, any member of his household or any business entity2-36
required to be disclosed pursuant to paragraph (f) with not less than2-37
$10,000 of net income. This paragraph does not require the disclosure of2-38
information if the information is privileged against disclosure by law or2-39
pursuant to the ethical standards of a professional association.2-40
(c) A list of the specific location and particular use of real estate, other2-41
than a personal residence:2-42
(1) In which he or a member of his household has a legal or2-43
beneficial interest;3-1
(2) Whose fair market value is $2,500 or more; and3-2
(3) That is located in this state or an adjacent state.3-3
(d) The name of each creditor to whom he or a member of his3-4
household owes $5,000 or more, except for:3-5
(1) A debt secured by a mortgage or deed of trust of real property3-6
which is not required to be listed pursuant to paragraph (c); and3-7
(2) A debt for which a security interest in a motor vehicle for3-8
personal use was retained by the seller.3-9
(e) If the candidate or public or judicial officer has received gifts in3-10
excess of an aggregate value of $200 from a donor during the preceding3-11
taxable year, a list of all such gifts, including the identity of the donor and3-12
value of each gift, except:3-13
(1) A gift received from a person who is related to the candidate or3-14
public or judicial officer within the third degree of consanguinity or3-15
affinity.3-16
(2) Ceremonial gifts received for a birthday, wedding, anniversary,3-17
holiday or other ceremonial occasion if the donor does not have a3-18
substantial interest in the legislative, administrative, judicial or political3-19
action of the candidate or public or judicial officer.3-20
(f) A list of each business entity with which he or a member of his3-21
household is involved as a trustee, beneficiary of a trust, director, officer,3-22
owner in whole or in part, limited or general partner, or holder of a class of3-23
stock or security representing 1 percent or more of the total outstanding3-24
stock or securities issued by the business entity.3-25
(g) A list of all public offices presently held by him for which this3-26
statement of financial disclosure is required.3-27
(h) The name of each member of his household.3-28
2. The commission shall distribute or cause to be distributed the forms3-29
required for such a statement to each candidate and public or judicial3-30
officer who is required to file one. The commission is not responsible for3-31
the costs of producing or distributing a form for filing statements of3-32
financial disclosure which is prescribed pursuant to subsection 1 of NRS3-33
281.541.3-34
3. As used in this section:3-35
(a) "Business entity" means an organization or enterprise operated for3-36
economic gain, including a proprietorship, partnership, firm, business,3-37
trust, joint venture, syndicate, corporation or association.3-38
(b) "Household" includes:3-39
(1) The spouse of the candidate or public or judicial officer;3-40
(2) A person who does not live in the same home or dwelling, but3-41
who is dependent on and receiving substantial support from the candidate3-42
or public or judicial officer; and4-1
4-2
or public or judicial officer for 6 months or more in the year immediately4-3
preceding the year in which the candidate or public or judicial officer files4-4
the statement of financial disclosure.4-5
Sec. 3. NRS 281.581 is hereby amended to read as follows: 281.581 1. A candidate or public or judicial officer who fails to file4-7
his statement of financial disclosure in a timely manner pursuant to NRS4-8
281.561 is subject to a civil penalty and payment of court costs and4-9
attorney’s fees. The amount of the civil penalty is:4-10
4-11
day the statement is late.4-12
4-13
15 days late, $175 for the first 7 days, plus $50 for each additional day the4-14
statement is late.4-15
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15 days, plus $100 for each additional day the statement is late.4-17
2. The commission may, for good cause shown, waive or reduce the4-18
civil penalty.4-19
3. The civil penalty must be recovered in a civil action brought in the4-20
name of the State of Nevada by the commission in a court of competent4-21
jurisdiction and deposited with the state treasurer for credit to the state4-22
general fund.~