Senate Bill No. 1430 seeks to revise the State Code of Ethics by implementing recommendations from the Office of State Ethics, particularly focusing on conflicts of interest for public officials and state employees. The bill expands the definition of a substantial conflict of interest to include situations where officials believe their actions could result in direct monetary gains or losses for themselves, their spouses, or their associated businesses. It also introduces a requirement for elected state officials to have actual knowledge of potential conflicts related to their nonstate employers. Additionally, the bill mandates that if an elected official has a substantial conflict, they must either excuse themselves from the matter or submit a written statement detailing the conflict to the Office of State Ethics.

Moreover, the bill enhances transparency by requiring a broader range of officials, including members of boards and commissions involved in large state contracts, to electronically file financial interest statements with the Office of State Ethics. It updates the language to replace "deliver" with "submit" and clarifies the submission process for agencies without journals or minutes. The bill specifies the information required in these statements, such as business associations and sources of income, while introducing exemptions for certain retirement plans. The changes are set to take effect on October 1, 2025, and aim to strengthen 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