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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d. Joint owner with an individual or corporation, naming them; e. Board member, officer or the owner of more than five per cent of a corporation that has title to the real property, naming the corporation; or f. A leaseholder, naming the person or corporation from whom the property is leased and the amounts of annual rental. The form shall note whether the person claims a homestead exemption on any real property owned by the person. (5) Identification of persons, business entities or guarantors to whom the person or a family member owed a debt of more than $100.00 during the reporting period, stating the amount, but not including debts owed to persons related within the second degree of consanguinity or affinity and excluding loans to a political campaign which were reported as required by law. If this debt was repaid during the reporting period, the date and amount of repayment shall also be stated. (6) Provided this information is not privileged by law, identification of persons, entities or guarantors who owed the person or a family member a debt of more than $100.00 during the reporting period, stating the amount, including all bonds, notes and other commercial paper held or owed by the person reporting or any family member during the reporting period, but not including debts owed by persons related within the second degree of consanguinity or affinity. If this debt was repaid during the reporting period, the date and amount of repayment shall also be stated. (7) Identification of the source of each gift or accumulation of gifts from one source of more than $100.00 in value received by the person or family member, or received by another person for the use and benefit of the person or family member, within the reporting period, stating the amount; but this requirement does not include: a. A gift received from a relative if given because of kinship; or b. A gift received by will, by intestate succession or as distribution from an inter vivos or testamentary trust established by a spouse or ancestor. (8) Provided this information is not privileged by law, if the person filing the statement is the owner of five per cent or more of any business entity, the person shall list all customers from whom the entity received at least ten per cent of its gross income during the reporting period. (9) Identification of any financial interest in or any transaction during the reporting period with any holder of any franchise issued by the city, other than as a utility or franchise customer or patron, stating the nature and amount of interest and transaction, including transactions by any family member and any business entity in which the person filing the statement has an ownership interest of five per cent or more.