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Bill

S 2922

Requires development of universal financial disclosure form for persons required to file financial disclosure statements with multiple public bodies; authorizes Joint Legislative Committee on Ethical Standards to accept form; codifies financial disclosure requirement for municipal prosecutors.*

2024-2025 Regular Session Introduced by Nick Scutari

Overview: S 2922 - Requires development of universal financial disclosure form for persons required to file financial disclosure statements with multiple public bodies; authorizes

Reported out of Senate Committee with Amendments, 2nd Reading
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Bill Summary · S 2922

Overview: S 2922 - Requires development of universal financial disclosure form for persons required to file financial disclosure statements with multiple public bodies; authorizes Joint Legislative Committee on Ethical Standards to accept form; codifies financial disclosure requirement for municipal prosecutors.
Purpose and Intent: This bill aims to streamline the financial disclosure process for individuals required to file such statements with multiple public bodies. It also codifies the financial disclosure requirement for municipal prosecutors.

Key Provisions:
- Requires the development of a universal financial disclosure form that can be used to satisfy reporting requirements for various public bodies
- Authorizes the Joint Legislative Committee on Ethical Standards to accept the universal form in lieu of separate filings
- Establishes a statutory requirement for municipal prosecutors to file financial disclosure statements

Affected Parties and Impacts:
- Individuals required to file financial disclosure statements, such as public officials and employees, who will benefit from a simplified reporting process
- The Joint Legislative Committee on Ethical Standards, which will be responsible for administering the universal disclosure form
- Municipal prosecutors, who will now be subject to the financial disclosure requirement

Procedural and Timeline Considerations:
The bill has been reported out of a Senate committee with amendments and is currently on the second reading calendar. If passed, the universal financial disclosure form and the municipal prosecutor disclosure requirement would be implemented in the upcoming year.

Compiled from official sources — confirm details with the bill’s official record.

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