Statement of Economic Interests Online
Friday, December 2, 2022

DISCLOSURE OF ECONOMIC INTERESTS

    
(5 ILCS 420/Art. 4A heading)
          ARTICLE 4A. DISCLOSURE OF ECONOMIC INTERESTS


    (5 ILCS 420/4A-101) (from Ch. 127, par. 604A-101)
    Sec. 4A-101. Persons required to file with the Secretary of State. The following persons shall file verified written statements of economic interests with the Secretary of State, as provided in this Article:
        (a) Members of the General Assembly and candidates
    	for nomination or election to the General Assembly.

        (b) Persons holding an elected office in the
    	Executive Branch of this State, and candidates for nomination or election to these offices.

        (c) Members of a Commission or Board created by the
    	Illinois Constitution, and candidates for nomination or election to such Commission or Board.

        (d) Persons whose appointment to office is subject to
    	confirmation by the Senate and persons appointed by the Governor to any other position on a board or commission described in subsection (a) of Section 15 of the Gubernatorial Boards and Commissions Act.

        (e) Holders of, and candidates for nomination or
    	election to, the office of judge or associate judge of the Circuit Court and the office of judge of the Appellate or Supreme Court.

        (f) Persons who are employed by any branch, agency,
    	authority or board of the government of this State, including but not limited to, the Illinois State Toll Highway Authority, the Illinois Housing Development Authority, the Illinois Community College Board, and institutions under the jurisdiction of the Board of Trustees of the University of Illinois, Board of Trustees of Southern Illinois University, Board of Trustees of Chicago State University, Board of Trustees of Eastern Illinois University, Board of Trustees of Governors State University, Board of Trustees of Illinois State University, Board of Trustees of Northeastern Illinois University, Board of Trustees of Northern Illinois University, Board of Trustees of Western Illinois University, or Board of Trustees of the Illinois Mathematics and Science Academy, and are compensated for services as employees and not as independent contractors and who:

            (1) are, or function as, the head of a
        	department, commission, board, division, bureau, authority or other administrative unit within the government of this State, or who exercise similar authority within the government of this State;

            (2) have direct supervisory authority over, or
        	direct responsibility for the formulation, negotiation, issuance or execution of contracts entered into by the State in the amount of $5,000 or more;

            (3) have authority for the issuance or
        	promulgation of rules and regulations within areas under the authority of the State;

            (4) have authority for the approval of
        	professional licenses;

            (5) have responsibility with respect to the
        	financial inspection of regulated nongovernmental entities;

            (6) adjudicate, arbitrate, or decide any judicial
        	or administrative proceeding, or review the adjudication, arbitration or decision of any judicial or administrative proceeding within the authority of the State;

            (7) have supervisory responsibility for 20 or
        	more employees of the State;

            (8) negotiate, assign, authorize, or grant naming
        	rights or sponsorship rights regarding any property or asset of the State, whether real, personal, tangible, or intangible; or

            (9) have responsibility with respect to the
        	procurement of goods or services.

        (f-5) Members of the board of commissioners of any
    	flood prevention district created under the Flood Prevention District Act or the Beardstown Regional Flood Prevention District Act.

        (g) (Blank).
        (h) (Blank).
        (i) (Blank).
        (j) Persons on the Board of Trustees of the Illinois
    	Mathematics and Science Academy.

        (k) (Blank).
        (l) Special government agents. A "special government
    	agent" is a person who is directed, retained, designated, appointed, or employed, with or without compensation, by or on behalf of a statewide executive branch constitutional officer to make an ex parte communication under Section 5-50 of the State Officials and Employees Ethics Act or Section 5-165 of the Illinois Administrative Procedure Act.

        (m) (Blank).
        (n) Members of the board of any retirement system or
    	investment board established under the Illinois Pension Code, if not required to file under any other provision of this Section.

        (o) (Blank).
        (p) Members of the investment advisory panel created
    	under Section 20 of the Illinois Prepaid Tuition Act.

    This Section shall not be construed to prevent any unit of local government from enacting financial disclosure requirements that mandate more information than required by this Act.
(Source: P.A. 101-81, eff. 7-12-19; 101-221, eff. 8-9-19.)


    (5 ILCS 420/4A-101.5)
    Sec. 4A-101.5. Persons required to file with the county clerk. The following persons shall file verified written statements of economic interests with the county clerk, as provided in this Article:
    (a) Persons who are elected to office in a unit of local government, and candidates for nomination or election to that office, including regional superintendents of school districts.
    (b) Persons appointed to the governing board of a unit of local government, or of a special district, and persons appointed to a zoning board, or zoning board of appeals, or to a regional, county, or municipal plan commission, or to a board of review of any county, and persons appointed to the Board of the Metropolitan Pier and Exposition Authority and any Trustee appointed under Section 22 of the Metropolitan Pier and Exposition Authority Act, and persons appointed to a board or commission of a unit of local government who have authority to authorize the expenditure of public funds. This subsection (b) does not apply to members of boards or commissions who function in an advisory capacity.
    (c) Persons who are employed by a unit of local government and are compensated for services as employees and not as independent contractors, and who:
        (1) are, or function as, the head of a department,
    	division, bureau, authority, or other administrative unit within the unit of local government, or who exercise similar authority within the unit of local government;

        (2) have direct supervisory authority over, or
    	direct responsibility for the formulation, negotiation, issuance, or execution of contracts entered into by the unit of local government in the amount of $1,000 or greater;

        (3) have authority to approve licenses and permits
    	by the unit of local government, but not including employees who function in a ministerial capacity;

        (4) adjudicate, arbitrate, or decide any judicial
    	or administrative proceeding, or review the adjudication, arbitration, or decision of any judicial or administrative proceeding within the authority of the unit of local government;

        (5) have authority to issue or adopt rules and
    	regulations within areas under the authority of the unit of local government; or

        (6) have supervisory responsibility for 20 or more
    	employees of the unit of local government.

    (d) Persons employed by a school district in positions that require that person to hold an administrative or a chief school business official endorsement.
    (e) Members of the board of any pension fund established under the Illinois Pension Code, if not required to file under any other provision of this Section.
(Source: P.A. 101-221, eff. 8-9-19.)


    (5 ILCS 420/4A-102) (from Ch. 127, par. 604A-102)
    (Text of Section from P.A. 102-662)
    Sec. 4A-102. The statement of economic interests required by this Article shall include the economic interests of the person making the statement as provided in this Section. The interest (if constructively controlled by the person making the statement) of a spouse or any other party, shall be considered to be the same as the interest of the person making the statement. Campaign receipts shall not be included in this statement.
        (a) The following interests shall be listed by all
    	persons required to file:

            (1) The name, address and type of practice of any
        	professional organization or individual professional practice in which the person making the statement was an officer, director, associate, partner or proprietor, or served in any advisory capacity, from which income in excess of $1200 was derived during the preceding calendar year;

            (2) The nature of professional services (other
        	than services rendered to the unit or units of government in relation to which the person is required to file) and the nature of the entity to which they were rendered if fees exceeding $5,000 were received during the preceding calendar year from the entity for professional services rendered by the person making the statement.

            (3) The identity (including the address or legal
        	description of real estate) of any capital asset from which a capital gain of $5,000 or more was realized in the preceding calendar year.

            (4) The name of any unit of government which has
        	employed the person making the statement during the preceding calendar year other than the unit or units of government in relation to which the person is required to file.

            (5) The name of any entity from which a gift or
        	gifts, or honorarium or honoraria, valued singly or in the aggregate in excess of $500, was received during the preceding calendar year.

        (b) The following interests shall also be listed by
    	persons listed in items (a) through (f), item (l), item (n), and item (p) of Section 4A-101:

            (1) The name and instrument of ownership in any
        	entity doing business in the State of Illinois, in which an ownership interest held by the person at the date of filing is in excess of $5,000 fair market value or from which dividends of in excess of $1,200 were derived during the preceding calendar year. (In the case of real estate, location thereof shall be listed by street address, or if none, then by legal description). No time or demand deposit in a financial institution, nor any debt instrument need be listed;

            (2) Except for professional service entities, the
        	name of any entity and any position held therein from which income of in excess of $1,200 was derived during the preceding calendar year, if the entity does business in the State of Illinois. No time or demand deposit in a financial institution, nor any debt instrument need be listed.

            (3) The identity of any compensated lobbyist with
        	whom the person making the statement maintains a close economic association, including the name of the lobbyist and specifying the legislative matter or matters which are the object of the lobbying activity, and describing the general type of economic activity of the client or principal on whose behalf that person is lobbying.

        (c) The following interests shall also be listed by
    	persons listed in items (a) through (c) and item (e) of Section 4A-101.5:

            (1) The name and instrument of ownership in any
        	entity doing business with a unit of local government in relation to which the person is required to file if the ownership interest of the person filing is greater than $5,000 fair market value as of the date of filing or if dividends in excess of $1,200 were received from the entity during the preceding calendar year. (In the case of real estate, location thereof shall be listed by street address, or if none, then by legal description). No time or demand deposit in a financial institution, nor any debt instrument need be listed.

            (2) Except for professional service entities, the
        	name of any entity and any position held therein from which income in excess of $1,200 was derived during the preceding calendar year if the entity does business with a unit of local government in relation to which the person is required to file. No time or demand deposit in a financial institution, nor any debt instrument need be listed.

            (3) The name of any entity and the nature of the
        	governmental action requested by any entity which has applied to a unit of local government in relation to which the person must file for any license, franchise or permit for annexation, zoning or rezoning of real estate during the preceding calendar year if the ownership interest of the person filing is in excess of $5,000 fair market value at the time of filing or if income or dividends in excess of $1,200 were received by the person filing from the entity during the preceding calendar year.

        (d) The following interest shall also be listed by
    	persons listed in items (a) through (f) of Section 4A-101: the name of any spouse or immediate family member living with such person employed by a public utility in this State and the name of the public utility that employs such person.

    For the purposes of this Section, the unit of local government in relation to which a person is required to file under item (e) of Section 4A-101.5 shall be the unit of local government that contributes to the pension fund of which such person is a member of the board.
(Source: P.A. 101-221, eff. 8-9-19; 102-662, eff. 9-15-21.)
 
    (Text of Section from P.A. 102-664)
    Sec. 4A-102. The statement of economic interests required by this Article shall include the economic interests of the person making the statement as provided in this Section.
    (a) The interest (if constructively controlled by the person making the statement) of a spouse or any other party, shall be considered to be the same as the interest of the person making the statement. Campaign receipts shall not be included in this statement. The following interests shall be listed by all persons required to file:
        (1) each asset that has a value of more than $10,000
    	as of the end of the preceding calendar year and is: (i) held in the filer's name, (ii) held jointly by the filer with his or her spouse, or (iii) held jointly by the filer with his or her minor child or children. For a beneficial interest in a trust, the value is based on the total value of the assets either subject to the beneficial interest, or from which income is to be derived for the benefit of the beneficial interest, regardless of whether any distributions have been made for the benefit of the beneficial interest;

        (2) excluding the income from the position that
    	requires the filing of a statement of economic interests under this Act, each source of income in excess of $7,500 during the preceding calendar year (as required to be reported on the filer's federal income tax return covering the preceding calendar year) for the filer and his or her spouse and, if the sale or transfer of an asset produced more than $7,500 in capital gains during the preceding calendar year, the transaction date on which that asset was sold or transferred;

        (3) each creditor of a debt in excess of $10,000
    	that, during the preceding calendar year, was: (i) owed by the filer, (ii) owed jointly by the filer with his or her spouse or (iii) owed jointly by the filer with his or her minor child or children;

        (4) the name of each unit of government of which the
    	filer or his or her spouse was an employee, contractor, or office holder during the preceding calendar year other than the unit or units of government in relation to which the person is required to file and the title of the position or nature of the contractual services;

        (5) each person known to the filer to be registered
    	as a lobbyist with any unit of government in the State of Illinois: (i) with whom the filer maintains an economic relationship, or (ii) who is a member of the filer's family; and

        (6) each source and type of gift or gifts, or
    	honorarium or honoraria, valued singly or in the aggregate in excess of $500 that was received during the preceding calendar year, excluding any gift or gifts from a member of the filer's family that was not known to the filer to be registered as a lobbyist with any unit of government in the State of Illinois.

    For the purposes of this Section, the unit of local government in relation to which a person is required to file under item (e) of Section 4A-101.5 shall be the unit of local government that contributes to the pension fund of which such person is a member of the board.
    (b) Beginning December 1, 2025, and for every 5 years thereafter, the Secretary of State shall adjust the amounts specified under this Section that prompt disclosure under this Act for purposes of inflation as determined by the Consumer Price Index for All Urban Consumers as issued by the United States Department of Labor and rounded to the nearest $100. The Secretary shall publish this information on the official website of the Secretary of State, and make changes to the statement of economic interests form to be completed for the following year.
    (c) The Secretary of State shall develop and make publicly available on his or her website written guidance relating to the completion and filing of the statement of economic interests upon which a filer may reasonably and in good faith rely.
(Source: P.A. 101-221, eff. 8-9-19; 102-664, eff. 1-1-22.)

    

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