BILL NUMBER: AB 2823	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Gatto

                        FEBRUARY 19, 2016

   An act to amend Section 87206 of the Government Code, relating to
the Political Reform Act of 1974.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2823, as introduced, Gatto. Political Reform Act of 1974:
economic interest disclosure.
   The Political Reform Act of 1974 requires persons holding
specified public offices to file disclosures of investments, real
property interests, and income within specified periods of assuming
or leaving office, and annually while holding the office. The act
requires the disclosures to include a statement indicating, within a
specified value range, the fair market value of investments or
interests in real property and the aggregate value of income received
from a source.
   This bill would make a technical, nonsubstantive change to that
provision.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 87206 of the Government Code is amended to
read:
   87206.  If an investment or an interest in real property is
required to be disclosed under this article, the statement shall
contain:
   (a) A statement of the nature of the investment or interest.
   (b) The name of the business entity in which each investment is
held, and a general description of the business activity in which the
business entity is engaged.
   (c) The address or other precise location of the real property.
   (d) A statement whether the fair market value of the investment or
interest in real property equals or exceeds two thousand dollars
($2,000) but does not exceed ten thousand dollars ($10,000), whether
it exceeds ten thousand dollars ($10,000) but does not exceed one
hundred thousand dollars ($100,000), whether it exceeds one hundred
thousand dollars ($100,000) but does not exceed one million dollars
($1,000,000), or whether it exceeds one million dollars ($1,000,000).

   (e) In the case of a statement filed under Sections 87203 or
87204, if the investment or interest in real property was partially
or wholly acquired or disposed of during the period covered by the
statement, the date of acquisition or disposal.
   (f) For purposes of disclosure under this article, "interest in
real property" does not include the principal residence of the filer
or any other property  which   that  the
filer utilizes exclusively as the personal residence of the filer.