Senate Bill No. introduced by G. Hertz aims to revise the business disclosure statement requirements for various state officials, including statewide and state district elected officials, candidates for these offices, and department directors. The bill amends Section 2-2-106 of the Montana Code Annotated (MCA) to adjust the timeline for filing business disclosure statements. Specifically, candidates for statewide or state district offices are now required to file their statements within 5 days of filing for office, rather than the previous 10 days. Additionally, individuals appointed to office must file their statements at the time of confirmation or assumption of office.

The bill also modifies the information required in the business disclosure statements. It raises the threshold for reporting interests in businesses from "an interest" to "more than a 10%" interest, and for publicly traded companies, the threshold is set at "more than a 1%" interest. Furthermore, the bill clarifies that disclosure of mutual funds is not required. The legislation maintains that individuals cannot assume office powers until their statements are filed and allows for certification that the information has not changed from the most recent filing. The commissioner of political practices is tasked with making these statements and certification forms available upon request.

Statutes affected:
LC Text: 2-2-106
SB0492_1(1): 2-2-106
SB0492_1(2): 2-2-106
SB0492_1(3): 2-2-106
SB0492_1(4): 2-2-106
SB0492_1(5): 2-2-106
SB0492_1(6): 2-2-106
SB0492_1: 2-2-106
SB0492_2(1): 2-2-106
SB0492_2(2): 2-2-106
SB0492_2(3): 2-2-106
SB0492_2(4): 2-2-106
SB0492_2(5): 2-2-106
SB0492_2(6): 2-2-106
SB0492_2(7): 2-2-106
SB0492_2: 2-2-106