# COMAR Title 19A — State Ethics Commission

## Subtitle 03 — Financial Disclosure

### Chapter 03 — Disclosure by Public Officials, State Officials, and Candidates to Be State Officials

**Authority:** General Provisions Article, §§5-101, 5-206, 5-601, and 5-602, Annotated Code of Maryland

**Administrative History:** Effective date: August 8, 2011 (38:16 Md. R. 946)

**Administrative History:** Regulation .01A amended effective May 25, 2015 (42:10 Md. R. 685)

**Administrative History:** Regulation .01B amended effective October 15, 2012 (39:20 Md. R. 1309); February 7, 2022 (49:3 Md. R. 138)

#### Regulation .01 Applicability.

*COMAR 19A.03.03.01*

A. This chapter applies to an official or a candidate to be a State official who is required to file a financial disclosure statement under General Provisions Article, §§5-601(a) and (e), 5-603, 5-604, or 5-605, Annotated Code of Maryland.

B. Scope.

  (1) Except as provided in §B(2) of this regulation, this chapter does not apply to an individual who:

    (a) Is a public official solely because of the individual’s service on a State board, commission, or task force; or

    (b) Is required to file a financial disclosure statement under COMAR 19A.03.01.

  (2) This chapter applies to:

    (a) A member of the Parole Commission

    (b) A member of the Maryland-National Capital Park and Planning Commission;

    (c) A member of the Washington Suburban Sanitary Commission;

    (d) A member of the Washington Suburban Transit Commission;

    (e) A member of the Public Service Commission;

    (f) A member of the Workers’ Compensation Commission;

    (g) A member of the Maryland Lottery and Gaming Control Commission;

    (h) A member of the Maryland Automobile Insurance Fund; and

    (i) A public official who is a member of a board or commission and who receives annual compensation that is equal to or exceeds 25 percent of the lowest annual compensation at State grade level 16.

#### Regulation .02 Disclosure Requirements.

*COMAR 19A.03.03.02*

A. An individual shall file the financial disclosure statement required by General Provisions Article, Title 5, Subtitle 6, Annotated Code of Maryland, on a form or the electronic filing system provided by the Commission.

B. An individual who files a financial disclosure statement using the electronic filing system of the Commission may disclose the following information in the ranges specified in the electronic filing system:

  (1) For a real property interest:

    (a) If the interest is held jointly with other persons, the percentage of interest held by each owner;

    (b) The consideration paid when the interest was acquired, the fair market value if acquired other than by purchase, or the annual rent if the individual rents the property; and

    (c) If any portion of the interest was transferred in the reporting period, the percentage of interest that was transferred and the amount of consideration received for the interest;

  (2) For an interest in a corporation:

    (a) The number of shares held or the value of the shares;

    (b) If the interest is held jointly with other persons, the percentage of interest held by each owner;

    (c) If an interest was acquired during the reporting period in a manner other than by dividend or dividend reinvestment or over $500 was acquired by dividend or dividend reinvestment, the dollar amount paid or, if acquired in a manner other than by purchase, the fair market value at the time of acquisition; and

    (d) If an interest was transferred during the reporting period, the percentage of interest transferred and the  amount of consideration received for the interest;

  (3) For an interest in a noncorporate business entity doing business with the State:

    (a) If the interest is jointly held with other persons, the percentage of interest held by each owner;

    (b) The value of the interest held by the individual;

    (c) If the interest was acquired during the reporting period, the consideration paid or the fair market value if acquired other than by purchase; and

    (d) If an interest was transferred during the reporting period, the percentage of interest transferred and the amount of consideration received for the interest; and

  (4) For a debt owed to an entity doing business with the State:

    (a) The interest rate;

    (b) The amount of the debt at the end of the reporting period; and

    (c) The amount by which the debt increased or decreased during the reporting period.