Senate Bill No. 1430 proposes significant revisions to the State Code of Ethics, particularly focusing on conflicts of interest for public officials and state employees. Key insertions include a clarified definition of "business with which the public official or state employee is associated," and the specification that a substantial conflict arises when there is a direct monetary gain or loss for the official, their spouse, or their nonstate employer. The bill also mandates that elected state officials prepare a written statement detailing any substantial conflicts, justifying their participation in related matters. Additionally, it expands the definition of affected parties to include nonstate employers and their spouses, emphasizing that financial interests must not be of a de minimis nature.

Moreover, the bill amends the requirements for filing financial interest statements, now including members of Executive Department boards, commissions, and councils involved in large state contracts exceeding $500,000. The language has been updated to replace "deliver" with "submit," and it clarifies the submission process for agencies without journals or minutes. The bill specifies the information required in financial interest statements, such as business associations and sources of income, while introducing exemptions for certain retirement plans. Set to take effect on October 1, 2025, SB 1430 aims to enhance transparency and accountability among public officials, thereby strengthening ethical standards and public trust in government operations.

Statutes affected:
Raised Bill: 1-85, 1-86
GAE Joint Favorable: 1-85, 1-86
File No. 295: 1-85, 1-86