Get the free Statement of Economic Interests - Virginia Department of Elections

General Assembly of Virginia STATEMENT OF ECONOMIC INTERESTS Revised May 12, 2015, Contents Instructions ...........................................................................................................1

How to fill out statement of economic interests

How to fill out statement of economic interests:

1. Begin by gathering all necessary financial documentation, such as bank statements, investment portfolios, and property ownership records.
2. Provide accurate and detailed information about your sources of income, including salaries, bonuses, rental income, and any other financial gains. It is important to disclose all sources, whether they are from employment, business ownership, or investments.
3. List any financial interests you hold in companies, partnerships, or other entities. Be sure to include any ownership stakes, stocks, or investments you may have.
4. Disclose any gifts or benefits received that may have a monetary value. This can include anything from sponsored trips to discounts on goods and services.
5. Provide information about any debts or liabilities you may have, including loans, mortgages, or outstanding credit cards. These details are important for a comprehensive understanding of your financial situation.

Who needs a statement of economic interests:

1. Elected officials and government employees: Many jurisdictions require elected officials and certain government employees to disclose their financial interests to ensure transparency and prevent conflicts of interest.
2. Individuals seeking certain licenses or permits: Some professions or industries may require individuals to provide a statement of economic interests as part of their application process. This is often the case for positions involving finance, real estate, or public utilities.
3. Members of boards or commissions: People serving on boards or commissions tasked with making decisions that may have an impact on the economy or public interest may be required to disclose their economic interests to avoid potential conflicts.

In summary, filling out a statement of economic interests involves providing detailed information about your financial situation, including income sources, assets, debts, and any gifts or benefits received. This requirement applies to elected officials, government employees, individuals seeking specific licenses or permits, and members of boards or commissions.

For pdfFiller’s FAQs

What is statement of economic interests?

Statement of economic interests is a required disclosure form that provides information about a public official's financial interests and potential conflicts of interest.

Who is required to file statement of economic interests?

Public officials, government employees, and certain individuals in positions of authority are typically required to file statement of economic interests.

How to fill out statement of economic interests?

To fill out a statement of economic interests, individuals must provide detailed information about their financial interests, including assets, income, liabilities, and gifts received.

What is the purpose of statement of economic interests?

The purpose of a statement of economic interests is to promote transparency and prevent conflicts of interest by requiring public officials to disclose their financial interests.

What information must be reported on statement of economic interests?

Information that must be reported on a statement of economic interests typically includes sources of income, real estate holdings, investments, business interests, and gifts received.

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