The Nevada Financial Disclosure Act requires certain public officers and candidates for public office to disclose certain information in financial disclosure statements filed with the Secretary of State. (NRS 281.005, 281.5555-281.581) Section 1.4 of this bill requires a state employee to file a financial disclosure statement with the Secretary of State if the state employee: (1) is appointed to a position of employment by a constitutional officer; (2) is in neither the classified or unclassified service of this State; (3) serves at the pleasure of the constitutional officer; and (4) is not otherwise a public officer. Section 1.9 of this bill applies certain existing civil penalties to such a state employee who willfully fails to file a financial disclosure statement or willfully fails to file a financial disclosure statement in a timely manner. Section 1.7 of this bill provides that, for a state employee who serves more than 1 year in the same position of employment or more than one position of employment for which a financial disclosure statement is required, the date of filing of the last financial statement is the date which begins the period in which such statements must be retained by the Secretary of State. Section 1.8 of this bill requires each constitutional officer who appoints a state employee who is required to file a financial disclosure statement to submit to the Secretary of State a list of each such state employee appointed by the constitutional officer. Sections 1-1.35, 1.5 and 13 of this bill make additional conforming changes to incorporate such public employees into the existing provisions of the Act. The Act requires the disclosure of: (1) the specific location and use of certain real estate, other than a personal residence, located in this State or an adjacent state in which the public officer, candidate or member of the public officer's or candidate's household has a legal or beneficial interest and whose fair market value is $2,500 or more; and (2) each business entity with which the public officer or candidate or member of the public officer's or candidate's household is involved as a holder of a class of stock or security representing 1 percent or more of the total outstanding stock or securities issued by the business entity. (NRS 281.571) Section 1.5 of this bill removes the requirement that only real estate located in this State or an adjacent State be disclosed. Section 1.5 additionally requires the disclosure of each: (1) business entity with which the public officer, state employee or candidate or a member of the public officer's, state employee's or candidate's household is involved as a holder of a class of stock or security issued by the business entity that is valued at $5,000 or more; and (2) investment security, with certain exceptions, held by the public officer, state employee or candidate that is valued at more than $5,000. Existing law requires certain persons who make independent expenditures and certain committees for political action, political parties and committees sponsored by a political party which receive certain contributions or make certain expenditures to report such contributions and expenditures. (NRS 294A.140, 294A.150, 294A.210, 294A.220, 294A.230) Section 5 of this bill requires an inaugural committee to report certain contributions and expenditures. Section 4 of this bill defines the term “inaugural committee.” Existing law requires a candidate for office at a primary election or general election to report certain contributions made during the election year. (NRS 294A.120) Section 6 of this bill requires a candidate who has been elected to a constitutional office to report certain contributions and expenditures in relation to the transition to the constitutional office. Section 3 of this bill defines the terms “constitutional office” and “constitutional officer.” Section 7 of this bill makes a conforming change to apply the terms defined in sections 3 and 4 to certain provisions of law governing campaign practices. Section 8 of this bill prohibits a foreign national from making a contribution or a commitment to make a contribution to an inaugural committee. Sections 9-12 of this bill make conforming changes to incorporate the requirements of sections 5 and 6 into existing law governing campaign practices.

Statutes affected:
As Introduced: 281.571, 294A.002, 294A.325, 294A.350, 294A.362, 294A.390, 294A.420
Reprint 1: 281.5583, 281.5585, 281.5586, 281.5587, 281.5588, 281.559, 281.571, 281.572, 281.573, 281.574, 281.581, 294A.002, 294A.325, 294A.350, 294A.362, 294A.390, 294A.420, 218H.210
As Enrolled: 281.5583, 281.5585, 281.5586, 281.5587, 281.5588, 281.559, 281.571, 281.572, 281.573, 281.574, 281.581, 294A.002, 294A.325, 294A.350, 294A.362, 294A.390, 294A.420, 218H.210
BDR: 281.571, 294A.002, 294A.325, 294A.350, 294A.362, 294A.390, 294A.420