All those nominees who are also “Public Officers” as defined in 29 Del. Code. § 5812 (n)(1) (See below) must also complete the Financial Disclosure Report (PDF).
As defined in 29 Del. Code. § 5812 (n)(1), “Public officer” shall mean:
For purposes of this report, the term “public officer” does not include elected and appointed officials of political subdivisions of the State, of public school districts of the State, and of state institutions of higher learning.
The amount of income, value or degrees of ownership need not to be disclosed, except that the value of gifts must be disclosed. 29 Del. C. § 5813(a)(4)(e.
If additional space is needed, use the box provided on page 4.
In Section 4, indicate the date at which the information is established, e.g., as of January 31, 2015.
This report is subject to public inspection. 29 Del. C. § 5814(b).
“Fair market value” means, if a security, the quoted price as of January 1 of the year in which the report is filed, or, if not a security, the price at which the public officer would sell as of January 1 of the year in which the report is filed. 29 Del. C. § 5812(g).
“Instrument of ownership” includes, but is not limited to common or preferred stock, rights, warrants, articles of partnership, proprietary interest, deeds, and debt instruments, if convertible to equity instruments. 29 Del. C. § 5812(k).
“Business Enterprise” means corporation, partnership, sole proprietorship or any other individual or organization carrying on a business or profession. 29 Del. C.§ 5812(a).
“Position of management” means officer, director, partner, proprietor, or other managerial position in a business enterprise. 29 Del. C. § 5812(1).
“Professional organization” means an individual engaged in, or an association organized pursuant to, federal or State law for the practice of medicine, law, accounting, engineering, or other profession. 29 Del. C. § 5812(m).
“Constructively controlled” means:
“Time or demand deposits” means checking and savings accounts in banks or deposits or share in savings and loan institutions, credit unions, or money market funds. 29 Del. C. §5812(p).
“Debt Instrument” means bonds, notes, debentures, mortgages, or other securities having a fixed yield if not convertible to equity instruments. 29 Del. C.§ 5812(e).
“Equity instrument” means any ownership interest in a corporation or other legal entity giving the rights to the holder upon liquidation of the entity. 29 Del. C. § 5812(f).
“Income for services rendered” includes salary, wages, consulting fees and professional services. “Any” is all inclusive so income from the State is also to be listed as a source if received.
“Capital gain” means gains that are reported under Internal Revenue Service laws.
“Reimbursement for expenditures” means payments to a public officer for expenses incurred by the public officer.
“Honoraria” means fees received for speeches, written articles, and participating in discussion groups and similar activities. It does not include reimbursement for expenses.
“Gift” means: payment, subscription, advance, forbearance, rendering or deposit of money, services or anything of value unless consideration of equal or greater value is received. “Gift” is not: (1) political contributions otherwise reported as required by law; (2) commercially reasonable loans made in the ordinary course of business; or (3) gifts from: spouse; relatives of the public officer or public officer’s spouse within the 3rd degree of consanguinity; or the spouse of any such relative.
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