Town of Southington, CT Financial Disclosure

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[Added 5-8-2017]

§ 28-18 Statement of financial disclosure.

Each elected public official and nonunion public employee will be required to file an annual financial disclosure form, by December 1 of each year, of the following applicable sections:

(1)

Section 1.

(a)

Any C corporation holdings of more than 5% of voting stock.

(b)

Any S corporation holdings of more than 5% of voting stock.

(c)

Any LLC, LLP and/or Doing Business As (DBA) membership in which they are personally a member and such entity(ies) conducts any for-profit business within and/or with the Town of Southington. Such a listing will exclude property that is owned in a sole proprietorship or partnership where the personal names of such ownership is/are filed with the Town Clerk and readily accessible to the public.

(d)

Any real estate, including leases owned by the Town official or any entity with which they are associated, that is located in the Town of Southington.

(e)

All disclosed items under this section shall include the person completing the form as well as his or her spouse and immediate family (household) members.

(f)

This section will state the type of business conducted for each disclosed entity that is conducted within or with the Town of Southington.

(g)

Elected public officials and nonunion public employees that do not have any mandatory disclosures to list under this section will write "Nothing to disclose under Section 1."

(2)

Section 2.

(a)

The employer(s) and/or self-employment of the elected public official and nonunion public employees, his or her spouse, or immediate family (household) members only.

(b)

All employment disclosed under this section will state the type of business conducted for each disclosed employer/self-employment and any activity that is conducted within or with the Town of Southington.

(c)

Elected public officials and nonunion public employees that do not have any mandatory disclosures to list under this section (e.g., retired with no other employment and/or self-employment) will write "Nothing to disclose under Section 2."

Values of disclosures are not and will not be part of the disclosure process.

The completed financial disclosure form will:

(1)

Be sworn to by the Town Clerk under penalty of false statement and other sanctions that may be imposed.

(2)

Be filed with the Town Clerk's office and accessible to the public.

(3)

Be updated within 45 days by the elected public official or nonunion public employee if a change in disclosure status occurs under Section 1 or Section 2.

The financial disclosure form does not release an elected official or nonunion public employee from other conflicts of interests, where his or her position or public trust could be used for personal enrichment.

Failure by a Town official to comply with this section shall be sufficient cause where allowed by law to remove such Town official from office.