Ord 1998-078 - Laserfiche WebLink

Home Browse Search

Sec. 2.462. Financial disclosure statement required. (a) Between March 15 and April 30 of each year, every city official shall file a sworn financial disclosure statement with the city secretary reflecting the financial situation of the official as of December 31 of the previous year and the official's financial activity between January 1 to December 31 of the previous year. (b) A newly appointed or elected city official shall file a sworn financial disclosure statement with the city secretary within 30 days from the dsate the position is assumed. The statement shall reflect the financial condition as of the date and financial activity for the previous 12 months. (c) A candidate for city council shall file a sworn statement with the city secretary not later than ten days from the date the candidate files with the city secretary an application to be placed on the official ballot. This statement shall include: (1) A list of any financial interest the person has, direct or indirect, in real property located within the corporate limits or within the extraterritorial jurisdiction of the city. (2) A list of any financial interest the person has, direct or indirect, in any business entity located in the city or its extraterritorial jurisdiction or any business entity doing business with the city. (3) The financial interests listed by the person shall include those held at any time during the 12 months preceding the date of filing for office and shall include any interest held by the candidate or a family member of the candidate. (d) All city board members shall file a disclosure statement with the city secretary within 30 days after their initial appointment. and thereafter between October 1 and October 31 of each year. regarding their relevant substantial interests in business entities and real property during the 12-month period preceding the date of the statement. The statement shall be on a form provided by the city. For purposes of this section. the term "business entity" and the determination of substantial interests in business entities and real property shall be as defined and determined under V.T.C.A.. Local Government Code Chapter 171. (§ d) Any person filing a statement required by this section may include additional time periods. SECTION 3. If any word, phrase, clause, sentence, or paragraph of this ordinance is held to be unconstitutional or invalid by a court of competent jurisdiction, the other provisions of this ordinance will continue in force if they can be given effect without the invalid portion. SECTION 4. All ordinances and resolution or parts of ordinances or resolutions in conflict with this ordinance are repealed. SECTION 5. Any person violating any provision of this ordinance commits a misdemeanor and is subject to the penalty provided in Section 1.015 of the San Marcos City Code upon conviction. SECTION 6. This Ordinance will take effect 10 days after the date of its final passage, and the City Secretary will publish notice of its adoption in a newspaper of general circulation in the City. City board members holding office on the effective date of this ordinance will file their initial disclosure statements under City Code Section 2.462(d) by December 31, 1998. PASSED AND APPROVED on first reading OCTOBER 12, 1998