The Political Reform Act of 1974 requires persons holding specified public offices to file disclosures of investments, real property interests, and income within specified periods of assuming or leaving office and annually while holding the office.
Public officials and designated employees must file Statements of Economic Interest. Public officials are specified in Government Code Section 87200. They include Mayors, Councilmembers, City Attorneys, City Managers, Planning Commissioners, and persons who manage public investments. Additionally, candidates for elected positions are required to file a Candidate statement. Employees and Commissioners designated in the Conflict of Interest Code and certain consultants who hold positions that involve making or participating in the making of decisions, which may foreseeably have a material effect on the holder’s financial interests also must file. People in these positions must file Statements of Economic Interests – Form 700 pursuant to the disclosure categories specified in that code. Additionally, pursuant to Municipal Code 12.08, at the time of filing the annual disclosure statement each designated employee or commissioner shall file a Family Gift Report Form.