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AGO Opinions with Topic: REPORTS OF FINANCIAL INTEREST UNDER INITIATIVE NO. 276
AGO 1973 No. 6 >  February 9, 1973
OFFICES AND OFFICERS - STATE - MUNICIPAL - IRRIGATION DISTRICTS - REPORTS OF FINANCIAL INTEREST UNDER INITIATIVE NO. 276
OFFICES AND OFFICERS ‑- STATE ‑- MUNICIPAL ‑- IRRIGATION DISTRICTS ‑- REPORTS OF FINANCIAL INTEREST UNDER INITIATIVE NO. 276 (1) The members of the board of directors of an irrigation district are "elected officials" within the meaning of § 24 of Initiative No. 276, requiring annual reports of the financial interests of elected officials. (2) Section 24 (1) (b) of Initiative No. 276 which requires the reports of a candidate or elected official to disclose certain financial interests does not include financial interests in tangible personal property but it is, instead, limited to such interests in intangible personalty. (3) Section 24 (1) (b) of Initiative No. 276 only requires the reporting of financial interests in excess of $5,000 in a bank or savings account or cash surrender value of any insurance policy, or in excess of $500 in other items of intangible personal property; it does not require the lumping together of separate items in any given class which themselves have a lesser value so as to require reporting if the aggregate value of all items in the class exceeds the applicable minimum reportable amount.
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