Michigan Laws 15.703 – Definitions
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Terms Used In Michigan Laws 15.703
- Blind trust: means a qualified blind trust or qualified diversified trust as those terms are defined in 5 C. See Michigan Laws 15.703
- Department: means the department of state. See Michigan Laws 15.703
- Form: means the financial disclosure form created by the department in accordance with section 11. See Michigan Laws 15.703
- Public officer: means all of the following:
(i) A state representative. See Michigan Laws 15.703Report: means the financial disclosure report required under section 10 of article IV of the state constitution of 1963. See Michigan Laws 15.703 Reporting period: means the preceding calendar year. See Michigan Laws 15.703 state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o Unearned income: means income that is not earned from employment, including, but not limited to, financial prize, unemployment benefits, annuities, stock dividends, deferred compensation, pension, profit sharing, or retirement income. See Michigan Laws 15.703
As used in this act:
(a) “Blind trust” means a qualified blind trust or qualified diversified trust as those terms are defined in 5 C.F.R. § 2634.403.
(b) “Department” means the department of state.
(c) “Earned income” means salaries, wages, tips, bonuses, commissions, or other compensation or earnings from employment earned during the reporting period.
(d) “Form” means the financial disclosure form created by the department in accordance with section 11.
(e) “Gift” means that term as defined in section 7 of the Michigan campaign finance act, 1976 PA 388, MCL 169.207.
(f) “Honorarium” means that term as defined in section 7 of the Michigan campaign finance act, 1976 PA 388, MCL 169.207.
(g) “Liabilities” means what a person owes to another person, including, but not limited to, mortgages or other debts. For purposes of this act, a debt does not include a revolving debt, an unsecured debt that is from a financial institution or the federal government, or a debt owed by a business entity.
(h) “Lobbyist” means that term as defined in section 5 of 1978 PA 472, MCL 4.415.
(i) “Lobbyist agent” means that term as defined in section 5 of 1978 PA 472, MCL 4.415.
(j) “Spouse” means an individual who is lawfully married to a public officer as described under 26 C.F.R. § 30.7701-18.
(k) “Public officer” means all of the following:
(i) A state representative.
(ii) A state senator.
(iii) The attorney general.
(iv) The governor.
(v) The lieutenant governor.
(vi) The secretary of state.
(l) “Report” means the financial disclosure report required under section 10 of article IV of the state constitution of 1963.
(m) “Reporting period” means the preceding calendar year.
(n) “Unearned income” means income that is not earned from employment, including, but not limited to, financial prize, unemployment benefits, annuities, stock dividends, deferred compensation, pension, profit sharing, or retirement income. Unearned income does not include inheritance money or a familial gift.