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This document is a public statement that requires the disclosure of financial interests held by certain state officials and employees to ensure transparency and prevent conflicts of interest.

How to fill out statement of economic interests

How to fill out STATEMENT OF ECONOMIC INTERESTS

1. Obtain the Statement of Economic Interests form from the relevant authority or website.
2. Read the instructions carefully to understand the requirements for completion.
3. Fill in your personal information, including name, address, and contact details.
4. Disclose information regarding your sources of income for the reporting period.
5. List any business entities in which you hold a position or ownership interest.
6. Provide details of any real estate holdings, including property addresses and types.
7. Report any gifts or financial interests received during the reporting period.
8. Review the completed form to ensure accuracy and completeness.
9. Sign and date the form where required.
10. Submit the form to the appropriate agency by the specified deadline.

Who needs STATEMENT OF ECONOMIC INTERESTS?

1. Individuals working in government positions, including elected officials, appointed officials, and certain employees.
2. Members of boards, commissions, and other regulatory bodies.
3. Public employees who are required to disclose financial interests to avoid conflicts of interest.

People Also Ask about

What do you mean by economic interest?

Economic Interest means a Person's right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in

Who needs to file a statement of economic interest in Illinois?

The Form 700 provides transparency and ensures accountability in two ways: It provides necessary information to the public about an official's personal financial interests to ensure that officials are making decisions in the best interest of the public and not enhancing their personal finances.

What are the 10 examples of economic activities?

Economic activity example:- Banking , Farming , Cultivation , Consumption , Production , Transportation , Mining , Manufacturing , Livestock keeping , Hunting , Fishing.

What is meant by economic interests?

Economic Interest means a person's right to income, losses, deductions, credit, or similar benefits from a company, but does not include any other rights of a member, including voting rights or participation in management. Seen in 50 SEC filings.

What are examples of economic interests?

Economic Interest Groups seek to improve the economic circumstances of their members, such as reducing government regulations or increasing wages, and examples would be the U.S. Chamber of Commerce or the AFL-CIO (labor unions).

What are examples of economic wants?

What are examples of economic wants? A want is something that someone would like to have or desire. It is not necessary for survival. A new car, a video game, or a laptop are examples of wants.

What is the meaning of statement of economic interest?

A statement identifies a filer's, and his or her immediate family's, employers, investments, real estate, commercial clients, associated organizations​, and creditors. The purpose of the statement is to disclose the official's or candidate's financial relationships.

Who needs to file a statement of economic interest in Illinois?

Beginning January 1, 1994, persons required to file a Statement of Economic Interests include all elected and appointed officials and local government employees who have authority to authorize the expenditure of public funds, execute contracts, and issue licenses and permits.

What are examples of economic interests?

Beginning January 1, 1994, persons required to file a Statement of Economic Interests include all elected and appointed officials and local government employees who have authority to authorize the expenditure of public funds, execute contracts, and issue licenses and permits.

What is a statement of economic interests?

Economic Interest Groups seek to improve the economic circumstances of their members, such as reducing government regulations or increasing wages, and examples would be the U.S. Chamber of Commerce or the AFL-CIO (labor unions).

For pdfFiller’s FAQs

What is STATEMENT OF ECONOMIC INTERESTS?

A Statement of Economic Interests is a document that requires individuals to disclose their financial interests, including assets, liabilities, and sources of income, to ensure transparency and accountability in public office.

Who is required to file STATEMENT OF ECONOMIC INTERESTS?

Individuals who hold specific positions in government, such as elected officials, candidates for office, and certain appointed officials, are required to file a Statement of Economic Interests.

How to fill out STATEMENT OF ECONOMIC INTERESTS?

To fill out a Statement of Economic Interests, individuals must provide comprehensive information about their financial interests, including disclosing sources of income, investments, and any relevant financial obligations, adhering to the specific guidelines set by their governing authority.

What is the purpose of STATEMENT OF ECONOMIC INTERESTS?

The purpose of a Statement of Economic Interests is to promote transparency in government by requiring public officials to disclose their financial interests, thereby reducing the potential for conflicts of interest and enhancing public trust.

What information must be reported on STATEMENT OF ECONOMIC INTERESTS?

Information that must be reported includes sources of income, types and values of assets, liabilities, positions held in business or organizations, and any other financial interests that may be relevant to assessing potential conflicts of interest.