HB 4642 (Tie bar w/ 4643-4649): Elected Official Financial Disclosure Act

House Bills 4642-4649 would require a personal financial disclosure of each candidate running for elected office. More specifically, these bills would create a compulsory personal filing program for all sources of income above $5,000 for House Representatives, State Senators, Executive Office, Judicial, University Board of Governors, and State Board of Education candidates. These bills would also require disclosures of any real estate other than a primary address worth more than $50,000,and a description of all stocks, bonds, commodities or mutual funds worth more than $10,000. Additionally, this bill package stipulates the disclosure of any personal or family member employment in a politically relevant career track such as a labor union, nonprofit or educational institution that makes more than $10,000 per year, as well as any family member that has registered as a lobbyist or that has business interests in the state that total more than $10,000 a year.