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 whom declarations1-7
of candidacy for1-8
statement of financial disclosure, as follows:1-9
1-10
statement of financial disclosure no later than the 10th day after the last day1-11
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
not more than 3 months before the other statement is required to be filed.2-9
The public or judicial officer shall notify the commission in writing of his2-10
intention to use the previously filed statement to fulfill the present2-11
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
ethics committee if the form of the statement has been approved by the2-23
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, or that of any member of his household.2-32
No listing of individual clients, customers or patients is required, but if that2-33
is the case, a general source such as "professional services" must be2-34
disclosed.2-35
(c) A list of the specific location and particular use of real estate, other2-36
than a personal residence:2-37
(1) In which he or a member of his household has a legal or beneficial2-38
interest;2-39
(2) Whose fair market value is $2,500 or more; and2-40
(3) That is located in this state or an adjacent state.2-41
(d) The name of each creditor to whom he or a member of his household2-42
owes $5,000 or more, except for:3-1
(1) A debt secured by a mortgage or deed of trust of real property3-2
which is not required to be listed pursuant to paragraph (c); and3-3
(2) A debt for which a security interest in a motor vehicle for personal3-4
use was retained by the seller.3-5
(e) If the candidate or public or judicial officer has received gifts in3-6
excess of an aggregate value of $200 from a donor during the preceding3-7
taxable year, a list of all such gifts, including the identity of the donor and3-8
value of each gift, except:3-9
(1) A gift received from a person who is related to the candidate or3-10
public or judicial officer within the third degree of consanguinity or3-11
affinity.3-12
(2) Ceremonial gifts received for a birthday, wedding, anniversary,3-13
holiday or other ceremonial occasion if the donor does not have a3-14
substantial interest in the legislative, administrative, judicial or political3-15
action of the candidate or public or judicial officer.3-16
(f) A list of each business entity with which he or a member of his3-17
household is involved as a trustee, beneficiary of a trust, director, officer,3-18
owner in whole or in part, limited or general partner, or holder of a class of3-19
stock or security representing 1 percent or more of the total outstanding3-20
stock or securities issued by the business entity.3-21
(g) A list of all public offices presently held by him for which this3-22
statement of financial disclosure is required.3-23
(h) The name of each member of his household who is 18 years of age3-24
or older.3-25
2. The commission shall distribute or cause to be distributed the forms3-26
required for such a statement to each candidate and public or judicial3-27
officer who is required to file one. The commission is not responsible for3-28
the costs of producing or distributing a form for filing statements of3-29
financial disclosure which is prescribed pursuant to subsection 1 of NRS3-30
281.541.3-31
3. As used in this section:3-32
(a) "Business entity" means an organization or enterprise operated for3-33
economic gain, including a proprietorship, partnership, firm, business, trust,3-34
joint venture, syndicate, corporation or association.3-35
(b) "Household" includes:3-36
(1) The spouse of the candidate or public or judicial officer;3-37
(2) A person who does not live in the same home or dwelling, but3-38
who is dependent on and receiving substantial support from the candidate3-39
or public or judicial officer; and3-40
3-41
or public or judicial officer for 6 months or more in the year immediately3-42
preceding the year in which the candidate or public or judicial officer files3-43
the statement of financial disclosure.4-1
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 file4-3
his statement of financial disclosure in a timely manner pursuant to NRS4-4
281.561 is subject to a civil penalty and payment of court costs and4-5
attorney’s fees. The amount of the civil penalty is:4-6
4-7
day the statement is late.4-8
4-9
15 days late, $175 for the first 7 days, plus $50 for each additional day the4-10
statement is late.4-11
4-12
15 days, plus $100 for each additional day the statement is late.4-13
2. The commission may, for good cause shown, waive or reduce the4-14
civil penalty.4-15
3. The civil penalty must be recovered in a civil action brought in the4-16
name of the State of Nevada by the commission in a court of competent4-17
jurisdiction and deposited with the state treasurer for credit to the state4-18
general fund.~