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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| HOUSE BILL |
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| 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 |
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| REFERRED TO COMMITTEE ON STATE GOVERNMENT, JUNE 25, 2011 |
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| AN ACT |
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1 | Prohibiting members of the General Assembly from having |
2 | financial interests in certain entities. |
3 | The General Assembly of the Commonwealth of Pennsylvania |
4 | hereby enacts as follows: |
5 | Section 1. Short title. |
6 | This act shall be known and may be cited as the Legislator |
7 | Financial Interest Act. |
8 | Section 2. Definitions. |
9 | The following words and phrases when used in this act shall |
10 | have the meanings given to them in this section unless the |
11 | context clearly indicates otherwise: |
12 | "Immediate family member." A spouse, minor child or |
13 | unemancipated child. |
14 | "Legislator." A member of the General Assembly. |
15 | "School entity." Any of the following: |
16 | (1) A charter school. |
17 | (2) A private school. |
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1 | (3) A business or nonprofit corporation that manages a |
2 | school and that receives an appropriation of funds from the |
3 | Commonwealth. |
4 | Section 3. Prohibition. |
5 | (a) General rule.--No legislator may own, hold a financial |
6 | interest in or serve on the governing body of a school entity |
7 | while in office and for a one-year period after leaving office. |
8 | (b) Affidavit required.--Annually, on or before April 30, a |
9 | legislator shall file an affidavit with the Chief Clerk of the |
10 | Senate or the Chief Clerk of the House of Representatives, as |
11 | applicable, affirming that neither the legislator nor an |
12 | immediate family member of the legislator owns, holds a |
13 | financial interest in or serves on the governing body of a |
14 | school entity. |
15 | Section 4. Effective date. |
16 | This act shall take effect in 60 days. |
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