Kansas Administrative Regulations › Agency 19 - GOVERNMENTAL ETHICS COMMISSION › Article 41 - STATEMENT OF SUBSTANTIAL INTERESTS › Section 19-41-3 - Interests disclosed

Current through Register Vol. 43, No. 28, July 11, 2024
Each statement which is filed pursuant to K.S.A. 1983 Supp.
				46-248  shall disclose the following:
(a) The statement shall include the name, complete address, and
				telephone number of the individual filing the statement. In addition, each
				statement shall disclose the elective office held by that individual; the
				office for which a candidate seeks election; the position of employment; the
				position to which the individual was appointed subject to senate confirmation;
				the state council, commission or board of which the individual is a member; or
				the agency to which the individual is a general counsel.
(b) Pursuant to K.S.A. 1983 Supp. 46-229(a), the name of the
				business and its address, the type of business, a description of the interest,
				and a description of how the interest is held between the individual and the
				individual's spouse shall be included in the statement. Disclosure of the
				number of shares or their value, in the case of a corporation, or the net
				worth, in the case of a proprietorship or partnership, shall not be required.
				The value or percentage of a business interest shall be determined as of the
				time of the required filing. The value assigned to a holding shall be the fair
				market value.
For the purposes of this provision, certificates of deposit,
				bank savings or checking accounts, passbook accounts in a savings and loan,
				shares in a credit union, life insurance policies, annuities, notes, bonds,
				debentures and mortgages shall not constitute "legal or equitable interests."
				Therefore, disclosure of these interests shall not be required under this
				provision. Ownership of other stocks and shares, including traded and closely
				held stocks, as well as shares in mutual funds, shall constitute legal or
				equitable interest for the purpose of this section.
(c) Under K.S.A. 1983 Supp. 46-229(b), the receipt of
				interests, dividends and mineral royalties shall not constitute "compensation"
				as the term is defined; disclosure of those matters shall not be required under
				this provision. The disclosure required under K.S.A. 1983 Supp. 46-229(b)  shall
				include the name and address of the business or combination of the businesses,
				the type of business and a description of whether the compensation was received
				by the individual, the individual's spouse, or both.
(d) For the purposes of K.S.A. 1983 Supp. 46-229(e), the phrase
				"client or customer" shall relate only to businesses or combinations of
				businesses. Disclosure of the amount of any fee shall not be required. In the
				case of a partnership, it is the partner's proportionate share of the business
				and hence of the fee which is significant, without regard to expenses of the
				partnership. The disclosure under this subsection shall include the name of the
				client or customer and the address.
(e) Holding the position of administrator or executor of an
				estate shall not be considered reportable under K.S.A. 1983 Supp. 46-229(d).
				The disclosure under this subsection shall include the name and address of the
				business and the position held.