HomeMy WebLinkAboutResolution 77-002 Prescribing standards of financial disclosure for elected officialsRESOLUTION NO. 77-2
A RESOLUTION OF THE COMMON COUNCIL OF THE
Town OF Marana , Pima
COUNTY~ ARIZONA~ PRESCRIBING STANDARDS OF
FINANCIAL DISCLOSURE FOR ELECTED OFFICIALS,
AND DECLARING THIS RESOLUTION A PUBLIC RECORD.
WHEREAS, pursuant to the provisions of Arizona Revised Statutes,
Section No. 38-5h5, the ~ow~. of Mararia is required to
adopt standards of financial disclosure consistent with the provisions
of Title 38, Chapter 3.1, Article 1, Arizona Revised Statutes, and
wheras the Common Council has determined that the standards of
financial disclosure hereinafter adopted are with respect to the
Town of Marana ,consistent with such standards of financial
disclosure.
NOW, THEREFORE, BE IT RESOLVED BY THE Common COUNCIL
OF THE C~tTS~n OF Mararia , Pima COUNTt~, ARIZONA,
AS FOLLOWS:
Section 1: DEFINITION.
A. "Compensation" means money, tangible things of value or
financial benefit.
B. "Immediate Family" means a spouse of a local public
officer, and any minor child of whom he or she has legal custody.
C. "Local Public Officer" means a person holding an
elective office in the Town of Marana
Section 2: DUTY TO FILE FINANCIAL DISCLOSURE STATEMENT
EXCEPTIONS.
A. In addition to other statements 8nd reports required by
law~ each local public officer as a matter of public record shall
file ~th the Town Clerk~ on a fo~ precribed by the Town
Clerk, a verified statement disclosing:
(1) His or her name, the name of each member of his or her
i~me.~iate family, and all hemes under ,~hich they do business,
(2) An indent~fication .~ each ~-' ~ '~
., .... p_o~r an~ of each other
source .o~ com~eusatlon ~_mounting to mor~ th~n $l,000.OO ~unua!ly
tn_ local public officer ~n~ his or her ir~edi~te f.~i.ly,
raceiv~ ~V '~
....... oc~lptlon of the nature of the ~ for which +%m
compensation ~as received, except that this paragraph shkll not be
construed to require the disclosure of information that may be
privileged by law, nor the disclosure of individual items of com-
pensation that constitute a portion of the gross income of the
business or profession from which the local public officer and his
or her immediate family derive compensation.
(3) The name of every corporation, trust, business trust,
partnership, or association in which the local public officer and
his or her immediate family, or any other person for the use or
benefit of the local public officer and his or her immediate family,
have an investtuner or holdings of over $1,0OO.00 at the fat~ market
value as of the date of the statement, or in which the local public
officer or his or her immediate family hold any office, or have a
fiduciary relationship, together with the description of the in-
vestment, office or relationship, except that this paragraph does
not require disclosure of the name of any bank or other financial
institution with which the local public officer or member of his
or her immediate family has a deposit or withdrawal share account.'
(4) All real property interests located within the limits
of the Town of Marana , including street a~dress, specific
location, and approximate size or legal description, to which either
the local public officer or his or her immediate hold legal title,
or beneficial interest in, excluding his or her residence and
property used primarily for personal recreation by the local public
officer or his or her immediate family.
(5) The names of all persons to whom the local public
officer and his or her immediate family owe unsecured personal debts
in excess of $1,000.00.
(6) The source of each gift of more than $500.00 received
by the local public officer and h~ or her immediate family in their
own names during the preceding twelve months, or by any other person
for the use or benefit of the local public officer or his or her
imediate family, except gifts received by will or by v~rtue of in-
testate or succession, or ~eceived by way of distribution from any
intervivos or testamentary trust established by a spouse or by an
ancestor, or gifts received from relatives. Political contribu-
tions shall not be construed as gifts.
(7) A description of all of the professional, occvpatton
and business licenses in which either a local public officer or
his or her immediate ffamily has an interest issued by the Town
of Marana , or by any Arizona State Department, Agency,
Cczm~ission~ Institution or inst~'~,entality, which requires for its
issuance the consideration of the application by the Cc~aon
Council~ ~i~cl,~_~g the n~e in which the license is issued~ the
type of business or profession, and its location.
· B,' ~ne statement required to be filled p~suant_ to this
section shall be filed each local-public offfficer on or heftore Jan-
ua~y' 31off each year hereafter.
' ~ ~ec~ion ~S D~TY TO FILE FINAL FINANCIAL ~ISOI~$URE STATEMenT
B~ A O~DIDATE FOR T~E COUNCIL.
A cendi~ate for a local Fublic office shall file a
fi-~-ncial disclosure statement containing the information required
as serfforth in Section 2 hereof on a form prescribed by the,. Town
Clerk~ a~ the time of filing his or her signed nomination papers.
Section 4: P~LIC RECORD.
It is hereby declared that this resolution is a public record
within the meaning of Section 9-~O1~ Arisona Revised Statutes.
the
PA~SED AND ADamTED by the Mayor and Common Council of
Tow~" of Marana , this 2?th day of June . 1977.
ATTEST: .
EF~'~TIVE DATE June 27, 1977
APPROVED:
Mayor