Laserfiche WebLink
Resolution No. 2026- <br />Page 5 <br /> <br />4. In the case of a gift, the name, address and business activity of the donor and <br />any intermediary through which the gift was made; a description of the gift; the <br />amount or value of the gift; and the date on which the gift was received; <br />5. In the case of a loan, the annual interest rate and the security, if any, given for <br />the loan and the term of the loan. <br />(C) Business Entity Income Disclosure. When income of a business entity, including <br />income of a sole proprietorship, is required to be reported,6 the 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 payments <br />if the filer's pro rata share of gross receipts from such person was equal to or <br />greater than $10,000. <br />(D) Business Position Disclosure. When business positions are required to be reported, <br />a designated employee shall list the name and address of each business entity in which <br />the employee is a director, officer, partner, trustee, employee, or in which the employee <br />holds any position of management, a description of the business activity in which the <br />business entity is engaged, and the designated employee's position with the business <br />entity. <br />(E) Acquisition or Disposal During Reporting Period. In the case of an annual or leaving <br />office statement, if an investment or an interest in real property was partially or wholly <br />acquired or disposed of during the period covered by the statement, the statement shall <br />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 state <br />or local government agency, shall accept any honorarium from any source, if the <br />member or employee would be required to report the receipt of income or gifts from that <br />source on the member's or employee's statement of economic interests. <br />(B) This section shall not apply to any part-time member of the governing board of any <br />public institution of higher education, unless the member is also an elected official. <br />(C) Subdivisions (a), (b), and (c) of Section 89501 shall apply to the prohibitions in this <br />section. <br />(D) This section shall not limit or prohibit payments, advances, or reimbursements for <br />travel and related lodging and subsistence authorized by Section 89506. <br />(8.1) Section 8.1. Prohibition on Receipt of Gifts in Excess of $630. <br />(A) No member of a state board or commission, and no designated employee of <br />a state or local government agency, shall accept gifts with a total value of more <br />than $630 in a calendar year from any single source, if the member or employee <br />would be required to report the receipt of income or gifts from that source on the <br />member's or employee's statement of economic interests. <br />(B) This section shall not apply to any part-time member of the governing board <br />of any public institution of higher education, unless the member is also an elected <br />official. <br />(C) Subdivisions (e), (f), and (g) of Section 89503 shall apply to the prohibitions <br />in this section. <br />Page 37 of 443