§ 2-48. Financial disclosures.

(a)

Financial disclosures shall be governed by federal and state law, and this code of ethics shall not require any additional reports to be filed other than those required by federal and state law, except as provided in subsection (b) of this section.

(b)

The following requirements are hereby adopted as part of this code of ethics in addition to any other requirement of state or federal law. In addition to the filing requirements specified in O.C.G.A. § 21-5-50, financial disclosure statements, it is hereby made an additional requirement of this code that the definition of officer as contained in O.C.G.A. § 21-5-3, which requires that a financial disclosure statement be filed by every elected county official, shall require any officer and the additional following persons to file such statement no later than January 31 of the disclosure period, with such filing to be with the clerk of the board of commissioners, as follows:

(1)

Any interest held by the spouse of the officer.

(2)

Any interest held by a child of the officer, if such interest was at any time during the year for which the statement was filed directly or indirectly controlled by the officer or any interest known by the officer to be held by the child which could directly or materially affect any action, failure to act or decision of the officer acting within official capacity.

(3)

Any interest in real property directly or indirectly held by a business entity in which the officer has an interest, with the exception of publicly traded corporations, where the elected county official's interest in the real property has a market value greater than $20,000.00.

(4)

Any interest held by a trust under which trust the officer held an income interest of more than $500.00 or a reversionary interest of more than $1,000.00 during the reporting period under which trust the officer was at any time during the reporting period a trustor in a revocable trust or a beneficiary.

The information required to be filed with the clerk of the board of commissioners under this section shall be the same information, and may be on the same form as is required by O.C.G.A. tit. 50, ch. 5, art. 3 (O.C.G.A. § 21-5-50 et seq.), as amended.

(Ord. of 11-14-89, § 108; Code 1977, § 3-20-38; Ord. of 2-22-00)