(a) The financial report of the official or candidate as required in this Chapter shall include a complete account of the official’s or candidate’s gross income and that of his spouse and dependent children. For the purpose of this Chapter, gross income shall be defined as set forth in Section 61 of the Internal Revenue Code of 1954, as amended (26 U.S.C 61). The report of income shall specifically indicate, though not to the exclusion of other items listed in Section 61, the following information:

(1) The names and addresses of all persons and organizations from whom was received by the official or candidate or on his behalf with his knowledge and consent, any honorarium or compensation for services, including fees, commissions, salaries, and similar items, and the amount of such honorarium or compensation for services, if not money, the substance of the honorarium or compensation and the appraised value thereof;

(2) Gross income derived from business enterprises including the amount thereof, the nature of his interest in the business, and the names and addresses of such business;

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(3) An itemization of all gains derived from dealings in real property, including the names and addresses of seller and purchaser and a brief description of the transaction which too place;

(4) The sources from which were derived income from interest and the amounts thereof;

(5) The sources from which rents were derived and the amount thereof;

(6) The sources from which royalties were derived and the amounts thereof;

(7) The sources from which dividends were derived and the amounts thereof;

(8) The names and addresses of all persons and organizations from whom he received assistance in the discharge of indebtedness and the aggregate amount of appraised value thereof;

(9) Itemization of income or benefits derived from distribution of the official’s or candidate’s share in any partnership or professional group, and the names and addresses of all persons and organizations from whose payments such distributions are made; provided, however, that no such names and addresses need be furnished when the distribution to the official or candidate from any such person or organization in said year is less than One Thousand Dollars ($1,000), or when said disclosure is derogation of a privilege granted by law.

(10) Itemization of income derived from an estate or trust in which the official or candidate has an interest and the nature of that interest.

(b) The report shall list all gifts to the official or candidate which in aggregate value exceed One Hundred Dollars ($100) in the year from a particular source. Included in the report shall be the name and address of the donor, the amount or value of his gifts, and a description thereof. The report shall also contain the name and address of a donor to the official or candidate, his spouse and/or his dependent children when the amounts or values of such gifts given in the course of a calendar year from a particular source exceed Five Hundred Dollars ($500), and shall describe each such gift and the value thereof;

(c) The report shall list assets held by the official or candidate, by his spouse or dependent children, or by any of them jointly. The list shall

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include the value of each asset and a brief description thereof, but household furnishings and personal effects need not be reported.

(d) The report shall include the names and addresses of each person and organization to whom the official or candidate, his wife, or dependent children, or any of them jointly owe an aggregate amount in excess of Five Thousand Dollars ($5,000), and include a statement of the total aggregate indebtedness of the official or candidate and such family members.

(e) The report shall include a statement of any funds established by the official or candidate or on his behalf, to assist him in defraying expenses which may be incurred by reason of his being an official or candidate. The report shall set forth the names and addresses of all persons contributing to the funds, the amount of each contribution, and the amount of each expenditure from such funds, and the purpose of each such expenditure.

SOURCE: GC § 1803, as added by P.L. 12-153. Amended by P.L. 29-020:3 (Oct.
10, 2007).