00                            SENATE BILL NO. 20                                                                          
01 "An Act relating to disclosure to the Alaska Public Offices Commission of information                                   
02 about certain income received as compensation for personal services by legislators,                                     
03 public members of the Select Committee on Legislative Ethics, and legislative directors                                 
04 subject to the Legislative Ethics Act; and providing for an effective date."                                            
05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
06    * Section 1. AS 24.60.200 is amended to read:                                                                      
07            Sec. 24.60.200. Financial disclosure by legislators, public members of the                                 
08       committee, and legislative directors. A legislator, a public member of the committee,                           
09       and a legislative director shall file a disclosure statement, under oath and on penalty of                        
10       perjury, with the Alaska Public Offices Commission giving the following information                               
11       about the income received by the discloser, the discloser's spouse or domestic partner,                           
12       the discloser's dependent children, and the discloser's nondependent children who are                             
13       living with the discloser:                                                                                        
14                 (1)  the information that a public official is required to report under                                 

01       AS 39.50.030, other than information about gifts;                                                                 
02                 (2)  as to income in excess of $1,000 received as compensation for                                      
03       personal services, and as to a dividend received from a limited liability company                             
04       as compensation for personal services, the name and address of the source of the                              
05       income, and a statement describing                                                                                
06                      (A)  the nature of the services performed, with sufficient                                 
07            description to make clear to a person of ordinary understanding the                                      
08            specific services performed, unless those services require the issuance of a                             
09            state or federal professional license;                                                                   
10                      (B)  the approximate total number of hours that have been                                      
11            spent or will be spent performing the services; and                                                      
12                      (C)  the amount of income received from the source, if the [;                                  
13            IF THE SOURCE OF INCOME IS KNOWN OR REASONABLY SHOULD                                                        
14            BE KNOWN TO HAVE A SUBSTANTIAL INTEREST IN LEGISLATIVE,                                                      
15            ADMINISTRATIVE, OR POLITICAL ACTION AND THE] recipient of the                                                
16            income is a legislator or legislative director [, THE AMOUNT OF INCOME                                       
17            RECEIVED FROM THE SOURCE SHALL BE DISCLOSED];                                                                
18                 (3)  as to each loan or loan guarantee over $1,000 from a source with a                                 
19       substantial interest in legislative, administrative, or political action, the name and                            
20       address of the person making the loan or guarantee, the amount of the loan, the terms                             
21       and conditions under which the loan or guarantee was given, the amount outstanding                                
22       at the time of filing, and whether or not a written loan agreement exists.                                        
23    * Sec. 2. AS 24.60.990(a) is amended by adding a new paragraph to read:                                            
24                 (17)  "professional license" means a license required for a profession                                  
25       regulated by the federal government or by a state.                                                                
26    * Sec. 3. This Act takes effect July 1, 2007.