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This document is intended for individuals to disclose their economic interests and affiliations to comply with the Illinois Governmental Ethics Act.
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How to fill out statement of economic interests
How to fill out Statement of Economic Interests
01
Obtain the Statement of Economic Interests form from the appropriate authority or website.
02
Read the instructions carefully to understand what information is required.
03
Fill out personal identification details such as your name, address, and position.
04
Disclose any financial interests, including stocks, bonds, and real estate.
05
Report any sources of income, including salaries, business earnings, and royalties.
06
Declare any gifts or honoraria received within the reporting period.
07
List any positions held in organizations that may present a conflict of interest.
08
Review your information for accuracy and completeness before submission.
09
Sign and date the form where indicated.
10
Submit the completed form by the designated deadline.
Who needs Statement of Economic Interests?
01
Public officials and elected representatives.
02
Candidates for public office.
03
Certain employees of government agencies.
04
Members of boards or commissions.
05
Individuals in positions that may have a conflict of interest.
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People Also Ask about
What are examples of economic interests?
The form is used to disclose financial interests and avoid potential conflicts of interest in public service. The deadline for submitting the 2024/2025 Annual Form 700 is April 1, 2025.
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 a general economic interest?
Services of general economic interest (SGEI) are commercial services of general economic utility subject to public-service obligations. Transport, energy, communications and postal services are prime examples.
What is an example of an economic interest group?
There are several different kinds of economic interests: business groups (e.g., the Canadian Federation of Independent Business, the Confederation of British Industry, and Nestlé SA, headquartered in Switzerland and with operations throughout the world), labour groups (e.g., IG Metall in Germany, the Trades Union
What is a statement of economic interests?
Examples of economic interest groups include organizations representing business interests, such as the Pharmaceutical Research and Manufacturers of America, the National Association of Manufacturers, the U.S. Chamber of Commerce, and labor unions such as the American Federation of Labor and Congress of Industrial
What is a statement of economic interests form 700?
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 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.
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What is Statement of Economic Interests?
The Statement of Economic Interests is a legal document that requires certain individuals to disclose their financial interests and potential conflicts of interest to promote transparency and accountability in government.
Who is required to file Statement of Economic Interests?
Individuals required to file the Statement of Economic Interests typically include public officials, candidates for public office, and certain employees of government agencies, as dictated by state and local laws.
How to fill out Statement of Economic Interests?
To fill out the Statement of Economic Interests, one must follow the provided instructions, disclose relevant financial interests, list sources of income, investments, and any gifts received, and submit it by the required deadline.
What is the purpose of Statement of Economic Interests?
The purpose of the Statement of Economic Interests is to identify and mitigate potential conflicts of interest, ensuring public officials and employees act in the best interests of the public and maintain trust in government.
What information must be reported on Statement of Economic Interests?
Required information on the Statement of Economic Interests includes personal assets, income sources, business interests, investments, gifts received, and any liabilities or debts that may represent a conflict of interest.
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