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House concurs with Senate changes to ethics law, adds municipal reporting and training deadlines
Summary
House Bill 875, addressing the State Ethics Commission and code of ethics, returned from the Senate with amendments that expand disclosure categories (including virtual currencies), narrow municipal coverage, require public summaries of resolution agreements and add two former municipal officers to the commission; the House concurred in the Senate amendments after debate about municipal burdens.
The House reviewed and concurred in the Senate proposal of amendment to House Bill 875, an act relating to the State Ethics Commission and the State Code of Ethics, after debate over municipal training requirements and disclosure changes.
Member from Charlotte, presenting the Senate amendments, described changes to financial-disclosure rules: the language was changed from “publicly traded assets” to “individual stock holdings,” and the amendment “also adds virtual currencies to the list of assets that need to be disclosed.” The Senate proposal narrows certain disclosure thresholds: loans must be reported only if over $10,000 and municipal or state bond interests must be reported when valued at $25,000 or more.
The amendment clarifies the…
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