The Vermont Statutes Online

Title 3 : Executive

Chapter 031 : Governmental Ethics

Subchapter 002 : DISCLOSURES

• § 1211. Executive officers; annual disclosure

  (a) Annually, each Executive officer and county officer shall file with the State Ethics Commission a disclosure form that contains the following information in regard to the previous 12 months:

  (1) each source, but not amount, of personal income of the officer and of the officer’s spouse or domestic partner, and of the officer together with the officer’s spouse or domestic partner, that totals more than $5,000.00, including:

  (A) the officer’s employer or business name and address; and

  (B) if self-employed, a description of the nature of the self-employment, including the names of any clients whose principal business activities are regulated by or that have a contract with any municipal or State office, department, or agency, provided that this information is known to the candidate or the candidate’s domestic partner and that the disclosed information is not confidential information;

  (2) any board, commission, or other entity that is regulated by law on which the officer served and the officer’s position on that entity;

  (3)(A) any company of which the officer or the officer’s spouse or domestic partner, or the officer together with the officer’s spouse or domestic partner, owned more than 10 percent; and

  (B) the details of any loan made to any applicable company in subdivision (A) of this subdivision (3) that is not a commercially reasonable loan made in the ordinary course of business, including any borrower and lender;

  (4) any company of which the officer or the officer’s spouse or domestic partner, or the officer together with the officer’s spouse or domestic partner, had an ownership or controlling interest in any amount, and the company had business before or with any municipal or State office, agency, or department;

  (5) any lease or contract with the State held or entered into by:

  (A) the officer or the officer’s spouse or domestic partner; or

  (B) a company of which the officer or the officer’s spouse or domestic partner, or the officer together with the officer’s spouse or domestic partner, owned more than 10 percent;

  (6) a generalized description, but not amount, to the best of the candidate’s knowledge, of the following investments held by a candidate or the candidate’s spouse or domestic partner:

  (A) individual stock holdings valued at $25,000.00 or more, which a candidate exercises control over or has the ability to buy or sell, which shall be listed individually;

  (B) interests in investment funds valued at $25,000.00 or more that a candidate or the candidate’s spouse or domestic partner has the ability to exercise control over the composition of assets within a fund, which shall be listed individually;

  (C) interests in virtual currencies, as defined in 8 V.S.A. § 2500, valued at $25,000.00 or more, which shall be listed individually;

  (D) interests in trusts valued at $25,000.00 or more, which shall be listed individually;

  (E) municipal or State bonds issued in the State of Vermont of valued at $25,000.00 or more, which shall be listed individually; and

  (F) the details of any loan valued at $10,000.00 or more, made to the candidate or the candidate’s spouse that is not a commercially reasonable loan made in the ordinary course of business; and

  (7) the full name of the candidate’s spouse or domestic partner.

  (b) In addition, if an Executive officer’s or county officer’s spouse or domestic partner is a lobbyist, the officer shall disclose that fact and provide the name of the officer’s spouse or domestic partner and, if applicable, the name of the lobbying firm.

  (c)(1) Disclosure forms shall contain the statement, “I certify that the information provided on all pages of this disclosure form is true to the best of my knowledge, information, and belief.”

  (2) Each Executive officer and county officer shall sign the officer’s disclosure form in order to certify it in accordance with this subsection.

  (d)(1) Each Executive officer and county officer shall file the officer’s disclosure on or before January 15 of each year or, if the officer is appointed after January 15, within 10 days after that appointment.

  (2) [Repealed.]

  (e) [Repealed.] (Added 2017, No. 79, § 7, eff. Jan. 1, 2018; amended 2021, No. 44, § 1, eff. June 1, 2021; 2021, No. 102 (Adj. Sess.), § 2, eff. July 1, 2022; 2023, No. 171 (Adj. Sess.), § 5, eff. June 10, 2024.)