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<chapter num="03" heading="Disclosure by Public Officials, State Officials, and Candidates to Be State Officials" title_num="19A" subtitle_num="03">
  <regulation prefix="Regulation" num=".01" heading="Applicability.">
    <paragraph num="A.">
      <text>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.</text>
    </paragraph>
    <paragraph num="B.">
      <text>Scope.</text>
      <paragraph num="(1)">
        <text>Except as provided in §B(2) of this regulation, this chapter does not apply to an individual who:</text>
        <paragraph num="(a)">
          <text>Is a public official solely because of the individual’s service on a State board, commission, or task force; or</text>
        </paragraph>
        <paragraph num="(b)">
          <text>Is required to file a financial disclosure statement under COMAR 19A.03.01.</text>
        </paragraph>
      </paragraph>
      <paragraph num="(2)">
        <text>This chapter applies to:</text>
        <paragraph num="(a)">
          <text>A member of the Parole Commission</text>
        </paragraph>
        <paragraph num="(b)">
          <text>A member of the Maryland-National Capital Park and Planning Commission;</text>
        </paragraph>
        <paragraph num="(c)">
          <text>A member of the Washington Suburban Sanitary Commission;</text>
        </paragraph>
        <paragraph num="(d)">
          <text>A member of the Washington Suburban Transit Commission;</text>
        </paragraph>
        <paragraph num="(e)">
          <text>A member of the Public Service Commission;</text>
        </paragraph>
        <paragraph num="(f)">
          <text>A member of the Workers’ Compensation Commission;</text>
        </paragraph>
        <paragraph num="(g)">
          <text>A member of the Maryland Lottery and Gaming Control Commission;</text>
        </paragraph>
        <paragraph num="(h)">
          <text>A member of the Maryland Automobile Insurance Fund; and</text>
        </paragraph>
        <paragraph num="(i)">
          <text>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.</text>
        </paragraph>
      </paragraph>
    </paragraph>
  </regulation>
  <regulation prefix="Regulation" num=".02" heading="Disclosure Requirements.">
    <paragraph num="A.">
      <text>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.</text>
    </paragraph>
    <paragraph num="B.">
      <text>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:</text>
      <paragraph num="(1)">
        <text>For a real property interest:</text>
        <paragraph num="(a)">
          <text>If the interest is held jointly with other persons, the percentage of interest held by each owner;</text>
        </paragraph>
        <paragraph num="(b)">
          <text>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</text>
        </paragraph>
        <paragraph num="(c)">
          <text>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;</text>
        </paragraph>
      </paragraph>
      <paragraph num="(2)">
        <text>For an interest in a corporation:</text>
        <paragraph num="(a)">
          <text>The number of shares held or the value of the shares;</text>
        </paragraph>
        <paragraph num="(b)">
          <text>If the interest is held jointly with other persons, the percentage of interest held by each owner;</text>
        </paragraph>
        <paragraph num="(c)">
          <text>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</text>
        </paragraph>
        <paragraph num="(d)">
          <text>If an interest was transferred during the reporting period, the percentage of interest transferred and the  amount of consideration received for the interest;</text>
        </paragraph>
      </paragraph>
      <paragraph num="(3)">
        <text>For an interest in a noncorporate business entity doing business with the State:</text>
        <paragraph num="(a)">
          <text>If the interest is jointly held with other persons, the percentage of interest held by each owner;</text>
        </paragraph>
        <paragraph num="(b)">
          <text>The value of the interest held by the individual;</text>
        </paragraph>
        <paragraph num="(c)">
          <text>If the interest was acquired during the reporting period, the consideration paid or the fair market value if acquired other than by purchase; and</text>
        </paragraph>
        <paragraph num="(d)">
          <text>If an interest was transferred during the reporting period, the percentage of interest transferred and the amount of consideration received for the interest; and</text>
        </paragraph>
      </paragraph>
      <paragraph num="(4)">
        <text>For a debt owed to an entity doing business with the State:</text>
        <paragraph num="(a)">
          <text>The interest rate;</text>
        </paragraph>
        <paragraph num="(b)">
          <text>The amount of the debt at the end of the reporting period; and</text>
        </paragraph>
        <paragraph num="(c)">
          <text>The amount by which the debt increased or decreased during the reporting period.</text>
        </paragraph>
      </paragraph>
    </paragraph>
  </regulation>
  <annotations>
    <annotation type="Authority">General Provisions Article, §§5-101, 5-206, 5-601, and 5-602, Annotated Code of Maryland</annotation>
    <annotation type="History" subtype="Administrative History">Effective date: August 8, 2011 (38:16 Md. R. 946)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .01A amended effective May 25, 2015 (42:10 Md. R. 685)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .01B amended effective October 15, 2012 (39:20 Md. R. 1309); February 7, 2022 (49:3 Md. R. 138)</annotation>
  </annotations>
</chapter>