# § 7-28 Sources of income - Substantial interests of elected officials.

Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.

## § 7-28 Sources of income - Substantial interests of elected officials.

Balt., Md., Code art. 8, § 7-28 (2026)

(a) In this section, “substantial interest” means holding an equity interest of 30% or more in a business entity.

(b) This section only applies to payments received from any person that the elected official knows or should know was:

  (1) a lobbyist;

  (2) a person regulated by the City; or

  (3) a person doing business with the City.

(c)

  (1) If the elected official or the elected official’s spouse has a substantial interest in a business entity, the statement must include the name and address of any person described in subsection (b) of this section who, during the reporting period, paid that entity:

    (i) $1,000 or more in the aggregate; or

    (ii) an amount that in the aggregate constitutes 5% or more of the gross income of that entity, if the gross income of that entity is less than $20,000.

  (2) If the elected official or the elected official’s spouse has a substantial interest in multiple business entities, the statement must include the name and address of any person described in subsection (b) of this section, who during the reporting period, paid those entities:

    (i) $1,000 or more in the aggregate; or

    (ii) an amount that in the aggregate constitutes 5% or more of the gross income of those entities, if the gross income of those business entities is less than $20,000.

(d) Nothing in this section is meant to require the disclosure of any information that is otherwise confidential by law.

*History: Ord. 19-328*