Terms Used In Maine Revised Statutes Title 1 Sec. 1012

• Associated organization: means any organization in which a Legislator or a member of the Legislator's immediate family is a managerial employee, director, officer or trustee or owns or controls, directly or indirectly, and severally or in the aggregate, at least 10% of the outstanding equity. See Maine Revised Statutes Title 1 Sec. 1012
• Bequest: Property gifted by will.
• Close economic association: means the employers, employees, partners or clients of the Legislator or a member of the Legislator's immediate family; corporations in which the Legislator or a member of the Legislator's immediate family is an officer, director or agent or owns 10% or more of the outstanding capital stock; a business which is a significant unsecured creditor of the Legislator or a member of the Legislator's immediate family; or a business of which the Legislator or a member of the Legislator's immediate family is a significant unsecured creditor. See Maine Revised Statutes Title 1 Sec. 1012
• Commission: means the Commission on Governmental Ethics and Election Practices. See Maine Revised Statutes Title 1 Sec. 1012
• Contract: A legal written agreement that becomes binding when signed.
• Dependent: A person dependent for support upon another.
• Domestic partner: means one of 2 unmarried adults who are domiciled together under long-term arrangements that evidence a commitment to remain responsible indefinitely for each other's welfare. See Maine Revised Statutes Title 1 Sec. 72
• Employee: means a person in any employment position, including public or private employment, employment with a nonprofit, religious, charitable or educational organization, or any other compensated service under an expressed, implied, oral or written contract for hire, but does not include a self-employed person. See Maine Revised Statutes Title 1 Sec. 1012
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Gift: means anything of value, including forgiveness of an obligation or debt, given to a person without that person providing equal or greater consideration to the giver. See Maine Revised Statutes Title 1 Sec. 1012
• Honorarium: means a payment of money or anything with a monetary resale value to a Legislator for an appearance or a speech by the Legislator. See Maine Revised Statutes Title 1 Sec. 1012
• Immediate family: means a Legislator's spouse, domestic partner or dependent children. See Maine Revised Statutes Title 1 Sec. 1012
• Income: means economic gain to a person from any source, including, but not limited to, compensation for services, including fees, commissions and payments in kind; gross income derived from business; gross income derived from dealings in property, rents and royalties; gross income from investments including interest, capital gains and dividends; annuities; income from life insurance and endowment contracts; pensions; income from discharge of indebtedness; distributions from a partnership or limited liability company; gross income from an interest in an estate or trust; prizes; and grants, but does not include gifts or honoraria. See Maine Revised Statutes Title 1 Sec. 1012
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Managerial employee: means an employee of an organization whose position requires substantial control over the organization's decision making, business operations, financial management or contracting and procurement activities. See Maine Revised Statutes Title 1 Sec. 1012
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Relative: means an individual who is related to the Legislator or the Legislator's spouse or the Legislator's domestic partner as a parent; child; sibling; sibling of a parent; sibling of a parent once removed; first cousin; child of a sibling or of a spouse's or domestic partner's sibling; spouse; domestic partner; grandparent; grandchild; parent-in-law; spouse or domestic partner of a child; sibling of a spouse or domestic partner; stepparent; stepchild; stepsibling; and half-sibling and includes the betrothed of the Legislator. See Maine Revised Statutes Title 1 Sec. 1012
• Reportable liability: means any unsecured loan of $3,000 or more received from a person who is not a relative. See Maine Revised Statutes Title 1 Sec. 1012
• Self-employed: means that the person qualifies as an independent contractor under Title 39?A, section 102, subsection 13?A. See Maine Revised Statutes Title 1 Sec. 1012
• Trustee: A person or institution holding and administering property in trust.
• Violation of legislative ethics: means a violation of the prohibitions in section 1014 or 1015?A. See Maine Revised Statutes Title 1 Sec. 1012