STATEMENT OF ECONOMIC INTERESTS (FORM 700)

 

Who Must File

State law (the Political Reform Act of 1974) requires candidates for school and special districts to disclose their interests in real property and income within the past 12 months in a Statement of Economic Interests (Form 700) to be filed within 30 days of assuming office and candidates appointed to an office file 10 days after assuming office. (Gov. Code 87200, et. seq.)

Candidates for city council are required to file a Statement of Economic Interests (Form 700) with their Declaration of Candidacy.

EXCEPTION: This statement is not required of a candidate who has filed a statement for the same jurisdiction as an officeholder within sixty (60) days prior to assuming office or filing the Declaration of Candidacy. (Gov. Code 87201, 87202) Persons elected to school and special districts who must file a Statement of Economic Interests within 30 days of assuming office will be required to file a second statement for their annual statement due on April 1, 2000.

Candidates for federal offices file under federal rather than state disclosure laws. For information, candidates for U.S. Representatives should write to: Office of the Clerk of the House of Representatives, 1036 Longworth House Office Building, Washington D.C., 202-225-1300.

What Must be Disclosed

Under state law, persons filing economic interests statements as candidates are required to disclose investments and interests in real property and income within the past 12 months. (Gov. Code 87201, 87203)

When and Where to File

Candidates who must file may obtain forms and instructions from the Santa Cruz County Elections Department. The Form 700 must be filed with the Elections Department within 30 days of assuming office. If the statement is filed after the deadline, candidates may be penalized up to $10 per day up to a maximum of $100. Late filing penalties can be reduced or waived under certain circumstances. (Gov. Code 87201, 87500)

Statements Are a Public Record

Statements of Economic Interests are a public record. They may be inspected by anyone and copies may be purchased from the filing officer for 10 cents per page. (Gov. Code 81008)

 

 

 

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