SUMMARY:
Senate Bill 126 created Education Code Section 47604.1 that expressly requires charter schools to comply with the Political Reform Act (“Act”). Part of that Act includes the duty of public officials such as charter school board members and most of the administrative team to file an annual Statement of Economic Interest (or “Form 700”). The Fair Political Practices Commission (“FPPC”) exercises jurisdiction and enforcement of the Act and has recently stepped up prosecution of public officials for failing to file or failing to accurately disclose financial interests in the Form 700. The deadline for public officials to file the annual Form 700 has been moved to June 1, 2020, due to the COVID-19 pandemic.
Former FPPC Executive Director Wayne Strumpfer walked through the Form 700 and explained what financial interests must be disclosed and which ones are exempt from disclosure. During this 45-minute webinar, Wayne discussed:
- What investments must be disclosed;
- Whether you are required to disclose a 401k account;
- How to disclose an ownership in a business;
- Why you must disclose certain gifts, but not others;
- Whether you are required to report a rental property depends on were it is located; and
- In what circumstances are you required to disclose your spouse/partner’s income.
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