§ 7-17 Attributable interests.
Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., Code art. 8, § 7-17 (2026)
§ 7-17 Attributable interests.LinkCopy Citation
(a)In general.
For purposes of <cite data-path="|8|§7-21">§ 7-21 {“Real property”} of this subtitle</cite> and <cite data-path="|8|§7-22">§ 7-22 {“Business entities”} of this subtitle</cite>, the following interests are attributable to and must be reported by the public servant.
(b)Certain interests held by spouse, etc.
An interest is attributable to the public servant if, at any time during the reporting period, it was:
(1)
held by a spouse, parent, child, or sibling of the public servant; and
(2)
directly or indirectly controlled by the public servant.
(c)Interests held by certain business entities.
(1)
An interest is attributable to the public servant if, at any time during the reporting period, it was held by:
(i)
a business entity in which an equity interest of 10% or more was held by or otherwise attributable under this section to the public servant;
(ii)
a business entity in which a business entity described in subparagraph (i) of this paragraph held a 25% or greater interest;
(iii)
a business entity in which a business entity described in subparagraph (ii) of this paragraph held a 50% or greater interest; and
(iv)
a business entity in which a public servant directly or indirectly, through an interest in 1 or a combination of other business entities, holds a 10% or greater interest.
(2)
This subsection does not limit:
(i)
the requirements of <cite data-doc="City of Balt., Md., Ord. 24-368" data-path="|8|§7-21">§ 7-21 {“Real property”} of this subtitle</cite> to disclose real property interests held by entities in which the public servant holds an interest; or
(ii)
the requirements of <cite data-doc="City of Balt., Md., Ord. 24-368" data-path="|8|§7-22">§ 7-22 {“Business entities”} of this subtitle</cite> to disclose certain entities in which the public servant holds an interest.
(d)Interests held by certain trusts.
An interest is attributable to the public servant if, at any time during the reporting period, it was held by a trust or estate in which the public servant:
(1)
held a reversionary interest;
(2)
was a beneficiary; or
(3)
if a revocable trust, was a settlor.
History: Ord. 04-795
History: Ord. 19-287
History: