S T A T E O F N E W Y O R K
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9560
I N A S S E M B L Y
January 19, 2010
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Introduced by M. of A. BOYLE -- read once and referred to the Committee
on Governmental Operations
AN ACT to amend the public officers law, in relation to financial
disclosure by statewide elected officials
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The third undesignated paragraph of paragraph 3 of subdivi-
sion 3 of section 73-a of the public officers law, as added by chapter
813 of the laws of 1987, is amended to read as follows:
Whenever a "value" or "amount" is required to be reported herein, such
value or amount shall be reported as being within one of the following
Categories: Category A - under $5,000; Category B - $5,000 to under
$20,000; Category C - $20,000 to under $60,000; Category D - $60,000 to
under $100,000; Category E - $100,000 to under $250,000; and Category F
- $250,000 or over. A reporting individual shall indicate the Category
by letter only, PROVIDED, HOWEVER THAT FOR ITEMS 13 AND 14 BELOW,
SPECIFIC AMOUNTS MUST BE REPORTED TO THE NEAREST THOUSAND DOLLARS.
S 2. Paragraphs 13 and 14 of subdivision 3 of section 73-a of the
public officers law, as amended by chapter 242 of the laws of 1989, are
amended to read as follows:
13. List below the nature and amount of any income in EXCESS of $1,000
from EACH SOURCE for the reporting individual and such individual's
spouse for the taxable year last occurring prior to the date of
filing. Nature of income includes, but is not limited to, all
income (other than that received from the employment listed under
Item 2 above) from compensated employment whether public or private,
directorships and other fiduciary positions, contractual arrange-
ments, teaching income, partnerships, honorariums, lecture fees,
consultant fees, bank and bond interest, dividends, income derived
from a trust, real estate rents, and recognized gains from the sale
or exchange of real or other property. Income from a business or
profession and real estate rents shall be reported with the source
identified by the building address in the case of real estate rents
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15419-01-0
A. 9560 2
and otherwise by the name of the entity and not by the name of the
individual customers, clients or tenants, with the aggregate net
income before taxes for each building address or entity. The
receipt of maintenance received in connection with a matrimonial
action, alimony and child support payments shall not be listed.
Self/ [Category
Spouse Source Nature of] Amount
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14. List the sources of any deferred income (not retirement income) in
EXCESS of $1,000 from each source to be paid to the reporting indi-
vidual following the close of the calendar year for which this
disclosure statement is filed, other than deferred compensation
reported in item 11 hereinabove. Deferred income derived from the
practice of a profession shall be listed in the aggregate and shall
identify as the source, the name of the firm, corporation, partner-
ship or association through which the income was derived, but shall
not identify individual clients.
[Category
Source of] Amount
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S 3. This act shall take effect immediately.