<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="§ 7-17 Attributable interests.">
  <section prefix="§" num="7-17" heading="Attributable interests.">
    <para num="(a)" heading="In general.">For purposes of &lt;cite data-path="|8|§7-21"&gt;§ 7-21 {“Real property”} of this subtitle&lt;/cite&gt; and &lt;cite data-path="|8|§7-22"&gt;§ 7-22 {“Business entities”} of this subtitle&lt;/cite&gt;, the following interests are attributable to and must be reported by the public servant.</para>
    <para num="(b)" heading="Certain interests held by spouse, etc.">An interest is attributable to the public servant if, at any time during the reporting period, it was:<para num="(1)">held by a spouse, parent, child, or sibling of the public servant; and</para>
      <para num="(2)">directly or indirectly controlled by the public servant.</para>
    </para>
    <para num="(c)" heading="Interests held by certain business entities.">
      <para num="(1)">An interest is attributable to the public servant if, at any time during the reporting period, it was held by:<para num="(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;</para>
        <para num="(ii)">a business entity in which a business entity described in subparagraph (i) of this paragraph held a 25% or greater interest;</para>
        <para num="(iii)">a business entity in which a business entity described in subparagraph (ii) of this paragraph held a 50% or greater interest; and</para>
        <para num="(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.</para>
      </para>
      <para num="(2)">This subsection does not limit:<para num="(i)">the requirements of &lt;cite data-doc="City of Balt., Md., Ord. 24-368" data-path="|8|§7-21"&gt;§ 7-21 {“Real property”} of this subtitle&lt;/cite&gt; to disclose real property interests held by entities in which the public servant holds an interest; or</para>
        <para num="(ii)">the requirements of &lt;cite data-doc="City of Balt., Md., Ord. 24-368" data-path="|8|§7-22"&gt;§ 7-22 {“Business entities”} of this subtitle&lt;/cite&gt; to disclose certain entities in which the public servant holds an interest.</para>
      </para>
    </para>
    <para num="(d)" heading="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:<para num="(1)">held a reversionary interest;</para>
      <para num="(2)">was a beneficiary; or</para>
      <para num="(3)">if a revocable trust, was a settlor.</para>
    </para>
    <annotation type="History">Ord. 04-795</annotation>
    <annotation type="History">Ord. 19-287</annotation>
    <annotation type="Defined Terms">Business entity	§2-4</annotation>
    <annotation type="Defined Terms">Child	§2-6</annotation>
    <annotation type="Defined Terms">Interest	§2-19</annotation>
    <annotation type="Defined Terms">Public servant	§2-23</annotation>
    <annotation type="Editor's Notes">Ordinance 19-287 amended paragraph (c)(1), effective February 25, 2020, to expand the reference to an equity interest “held” by the public servant to encompass an equity interest “held by or otherwise attributable under this section to” the public servant.</annotation>
    <annotation type="History" />
  </section>
</baltimore-city-law>
