Code of Maryland Regulations › Title 19A - STATE ETHICS COMMISSION › Subtitle 03 - FINANCIAL DISCLOSURE › Chapter 19A.03.01 - Disclosure Required by Members of Boards and Commissions › Section 19A.03.01.04 - Financial Disclosure Requirements

Current through Register Vol. 51, No. 14, July 12, 2024
A. An individual shall file a financial
				disclosure statement on a form or using the electronic filing system provided
				by the Commission.
B. Contents of
				Financial Disclosure Statements.
(1) An
				individual shall report the information specified in this section, if known,
				for the reporting period.
(2) An
				individual who is required to disclose the name of a business under this
				section shall disclose any other names that the business is trading as or doing
				business as.
(3) An individual
				shall disclose the information specified in General Provisions Article, §
										5-607(b),
				Annotated Code of Maryland, for an interest the individual holds in real
				property that:
(a) Is subject to a lease or
				other contract with the individual's State board or commission;
(b) Is the subject of a lease or other
				contract with an entity that:
(i) Has a
				contract with the individual's board or commission;
(ii) Is regulated by the individual's board
				or commission; or
(iii) Is licensed
				by the individual's board or commission;
(c) Is co-owned by a person who:
(i) Has a contract with the individual's
				board or commission;
(ii) Is
				regulated by the individual's board or commission; or
(iii) Is licensed by the individual's board
				or commission;
(d) Was
				negotiated for sale or lease or was sold or leased to the individual's board or
				commission during the reporting period;
(e) The individual held during the reporting
				period and that the individual plans to offer for lease or sale to the
				individual's board or commission during the current calendar year;
(f) The individual purchased from a person
				that contracts with, is regulated by, or is licensed by the individual's board
				or commission; or
(g) Is regulated
				by the individual's board or commission.
(4) An individual shall disclose the
				information specified in General Provisions Article, §
										5-607(c),
				Annotated Code of Maryland, for an interest the individual holds in a
				corporation, partnership, limited liability partnership, or limited liability
				company if the interest:
(a) Is greater than
				a 1 percent ownership interest if the corporation, partnership, limited
				liability partnership, or limited liability company:
(i) Is regulated or licensed by the
				individual's board or commission; or
(ii) Is doing business with the individual's
				board or commission; or
(b) Is 20 percent or greater if:
(i) Another person owns an interest in the
				corporation, partnership, limited liability partnership, or limited liability
				company and the person is regulated by, licensed by, lobbies, or has a contract
				with an annual value of $5,000 or more with the individual's board or
				commission; or
(ii) The
				corporation, partnership, limited liability partnership, or limited liability
				company owns a direct financial interest in another entity that is regulated
				by, licensed by, lobbies, or has a contract with an annual value of $5,000 or
				more with the individual's board or commission.
(5) An individual shall disclose the
				information specified in General Provisions Article, §
										5-607(d),
				Annotated Code of Maryland, for an interest the individual holds in a business
				entity if the interest is not disclosed under §B(3) of this regulation and the
				interest:
(a) Is greater than a 1 percent
				ownership interest if the entity:
(i) Is
				regulated or licensed by the individual's board or commission; or
(ii) Is negotiating to do business with or is
				doing business with the individual's board or commission; or
(b) Is 20 percent or greater if:
(i) Another person owns an interest in the
				entity and the person is regulated by, licensed by, lobbies, or has a contract
				with an annual value of $5,000 or more with the individual's board or
				commission; or
(ii) The entity owns
				a direct financial interest in another entity that is regulated by, licensed
				by, lobbies, or has a contract with an annual value of $5,000 or more with the
				individual's board or commission.
(6) Gifts.
(a) Except
				as provided in §B(6)(b) of this regulation, an individual shall disclose the
				information specified in General Provisions Article, §
											5-607(e),
				Annotated Code of Maryland, for a gift in excess of $50 in value and for any
				series of gifts totaling over $100 in value in the reporting period from any
				person doing business with, regulated by, registered as a lobbyist before the
				individual's board or commission, or is an association, or an entity acting on
				behalf of an association, that is engaged only in representing counties or
				municipal corporations.
(b) This
				subsection does not require an individual to report gifts from the individual's
				immediate family members, parents, or children.
(7) An individual shall disclose the
				information specified in General Provisions Article, §
										5-607(f),
				Annotated Code of Maryland, for any office, directorship, or salaried
				employment with any entity that does business with the individual's board or
				commission that was held by the individual or a member of the individual's
				immediate family during the reporting period.
(8) An individual shall disclose the
				information specified in General Provisions Article, §
										5-607(g),
				Annotated Code of Maryland, for a debt the individual owed at any point in the
				reporting period to any person or entity that does business with the
				individual's board or commission or is under the authority of the individual's
				board or commission.
(9) For an
				immediate family member of the individual who was employed by the individual's
				board or commission during the reporting period, an individual shall report:
(a) The name of the immediate family
				member;
(b) The familial
				relationship between the individual and the immediate family member;
				and
(c) The title of the position
				the immediate family member held with the board or commission.
(10) Salary or Business Ownership.
(a) An individual shall disclose the
				information specified in §B(9)(b) of this regulation for each:
(i) Place of salaried employment of the
				individual and each member of the individual's immediate family held at any
				time during the reporting period;
(ii) Business entity of which the individual
				or a member of the individual's immediate family was a sole owner and from
				which the individual or the member of the immediate family earned income during
				the reporting period; and
(iii)
				Business entity of which the individual or member of the individual's immediate
				family member was a partial owner, if the business entity did business with the
				individual's board or commission during the reporting period, and the
				individual or member of the individual's immediate family earned income during
				the reporting period.
(b) A disclosure required under this
				subsection shall include:
(i) The name and
				address of the place of salaried employment or business entity owned;
(ii) Whether the relationship is an
				employment or ownership interest; and
(iii) The identity of the holder of the
				interest or employment.
(11) Relationship with University of Maryland
				Medical System, State or Local Government, or Quasi-Governmental Entity.
(a) An individual shall disclose the
				information specified in General Provisions Article §
											5-607(j)(1),
				Annotated Code of Maryland, for any financial or contractual relationship with:
(i) The University of Maryland Medical
				System;
(ii) A governmental entity
				of the State or a local government in the State; or
(iii) A quasi-governmental entity of the
				State or local government in the State.
(b) For each financial or contractual
				relationship reported, the schedule shall include:
(i) A description of the
				relationship;
(ii) The subject
				matter of the relationship; and
(iii) The consideration.
(12) An individual may disclose
				any other interests or information that has not been disclosed and that the
				individual chooses to disclose.