Bill Text: PA HB1740 | 2011-2012 | Regular Session | Introduced

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Bill Title: Prohibiting members of the General Assembly from having financial interests in certain entities.

Spectrum: Strong Partisan Bill (Democrat 23-2)

Status: (Introduced - Dead) 2011-06-25 - Referred to STATE GOVERNMENT [HB1740 Detail]

Download: Pennsylvania-2011-HB1740-Introduced.html

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PRINTER'S NO. 2219
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1740 Session of2011
INTRODUCED BY MATZIE, DeLUCA, BRENNAN, CALTAGIRONE, GERGELY, GOODMAN, HALUSKA, HARHAI, HARKINS, HORNAMAN, JOSEPHS, KOTIK, MIRABITO, MUNDY, M. O'BRIEN, PASHINSKI, SAINATO, SANTONI AND O'NEILL, JUNE 25, 2011
REFERRED TO COMMITTEE ON STATE GOVERNMENT, JUNE 25, 2011
AN ACT
Prohibiting members of the General Assembly from having
financial interests in certain entities.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Short title.
This act shall be known and may be cited as the Legislator
Financial Interest Act.
Section 2. Definitions.
The following words and phrases when used in this act shall
have the meanings given to them in this section unless the
context clearly indicates otherwise:
"Immediate family member." A spouse, minor child or
unemancipated child.
"Legislator." A member of the General Assembly.
"School entity." Any of the following:
(1) A charter school.
(2) A private school.
(3) A business or nonprofit corporation that manages a
school and that receives an appropriation of funds from the
Commonwealth.
Section 3. Prohibition.
(a) General rule.--No legislator may own, hold a financial
interest in or serve on the governing body of a school entity
while in office and for a one-year period after leaving office.
(b) Affidavit required.--Annually, on or before April 30, a
legislator shall file an affidavit with the Chief Clerk of the
Senate or the Chief Clerk of the House of Representatives, as
applicable, affirming that neither the legislator nor an
immediate family member of the legislator owns, holds a
financial interest in or serves on the governing body of a
school entity.
Section 4. Effective date.
This act shall take effect in 60 days.
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