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Resolution No. 24-XXXX
<br />Page 5
<br />4. A statement whether the fair market value of the investment or interest in
<br />real property equals or exceeds $2,000, exceeds $10,000, exceeds $100,000,
<br />or exceeds $1,000,000.
<br />(B) Personal Income Disclosure. When personal income is required to be
<br />reported,5 the statement shall contain:
<br />1. The name and address of each source of income aggregating $590 or more
<br />in value, or $50 or more in value if the income was a gift, and a general
<br />description of the business activity, if any, of each source;
<br />2. A statement whether the aggregate value of income from each source, or in
<br />the case of a loan, the highest amount owed to each source, was $1,000 or
<br />less, greater than $1,000, greater than $10,000, or greater than $100,000;
<br />3. A description of the consideration, if any, for which the income was
<br />received;
<br />4. In the case of a gift, the name, address and business activity of the donor
<br />and any intermediary through which the gift was made; a description of the
<br />gift; the amount or value of the gift; and the date on which the gift was
<br />received;
<br />5. In the case of a loan, the annual interest rate and the security, if any, given
<br />for the loan and the term of the loan.
<br />(C) Business Entity Income Disclosure. When income of a business entity,
<br />including income of a sole proprietorship, is required to be reported,6 the
<br />statement shall contain:
<br />1. The name, address, and a general description of the business activity of the
<br />business entity;
<br />2. The name of every person from whom the business entity received
<br />payments if the filer's pro rata share of gross receipts from such person was
<br />equal to or greater than $10,000.
<br />(D) Business Position Disclosure. When business positions are required to be
<br />reported, a designated employee shall list the name and address of each business
<br />entity in which the employee is a director, officer, partner, trustee, employee, or in
<br />which the employee holds any position of management, a description of the
<br />business activity in which the business entity is engaged, and the designated
<br />employee's position with the business entity.
<br />(E) Acquisition or Disposal During Reporting Period. In the case of an annual or
<br />leaving office statement, if an investment or an interest in real property was
<br />partially or wholly acquired or disposed of during the period covered by the
<br />statement, the statement shall contain the date of acquisition or disposal.
<br />(8) Section 8. Prohibition on Receipt of Honoraria.
<br />(A) No member of a state board or commission, and no designated employee of a
<br />state or local government agency, shall accept any honorarium from any source, if
<br />the member or employee would be required to report the receipt of income or gifts
<br />from that source on the member's or employee's statement of economic interests.
<br />Page 63 of 559
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