Ord 2017-020/amending Chapter 2, Article 5, Code of Ethics, of the San Marcos City Code; requiring Financial Disclosure Forms to be updated within 30 days following acquisition of additional interests in real property; requiring Financial Disclosure Form

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(e) Any person filing a statement required by this section may include additional time periods. (f) Financial disclosure statements shall be updated within 30 days of any significant change in the interests of an official even if the change is temporary. For this part, "significant" means a change in interest that would tend to render the annual financial disclosure statement misleading or incomplete. Sec. 2.463. Information required on financial disclosure statement. (a) Every person required to file a financial disclosure statement under subsection 2.462(a) or (c) shall include in that statement the following information: (1) The person's name, the name of each family member and all names under which the person or family members do business. (2) Identification of each source of income amounting to more than $100.00 received in the reporting periods by the person or family members, stating the name, address, and nature of the source of income and stating the amount of income received; and identification of each option held, owned, acquired or sold during the reporting period, stating the nature of the option, the amount of transaction, and identification of the other parties to the transaction. (3) Identification of each business entity, nonprofit entity or union in which the person or family member: a. Was a partner, manager, officer, member of the board of directors, proprietor or beneficiary, during the reporting period, stating the position held; or b. Had an ownership interest of more than $100.00 at the fair market value at any time during the reporting period, stating the value and a description of that ownership interest; provided that, where the ownership interest includes or consists of shares of stock, the number of shares owned shall be stated together with the number of outstanding shares; and if sold during the reporting period a statement of the net gain or loss realized from the sale. (4) Identification by street address, legal or lot -and -block description of all real property located within the city and its extraterritorial jurisdiction, together with its fair market value and present use, in which the person or family member has an interest as: a. Fee simple owner; b. Beneficial owner; c. Partnership owner, naming the partners;