Contents of Reports Filed by Appointees to or Members of Boards and Commissions

(a)Unless otherwise provided in this Act, all appointees to Boards and Commissions of the government of Guam, as defined in § 13102 of this Chapter, shall be required to disclose and submit a financial report containing only information where conflicts of interest or possible conflicts of interest exist at the time of appointment or as may be expected to exist during their tenure of service on the Board or Commission to which they are being appointed. Such information shall include conflicts of interest or possible conflicts of interests with the appointee’s or member's place of employment, any entity in which CH. 13 PUBLIC OFFICIAL DISCLOSURE ACT the appointee or member serves as a director or consultant to, and any entity to which the appointee or member or a family member of the appointee or member owns an interest of five percent (5%) or more in. A family member shall be defined as any relative by blood or marriage, or cohabitation in lieu of marriage, within two

(2)degrees of consanguinity. In the event that any conflicts of interests, as defined herein, arise subsequent to a member’s appointment, the member shall, within thirty

(30)days of the knowledge of such conflicts of interest, file an amended report with the Guam Election Commission or by the next filing deadline, whichever is sooner. For purposes of this Subsection, “conflicts of interest” shall be defined under the provisions of § 15205 of Article 2, Chapter 15, Title 4, Guam Code Annotated. In the event that no conflicts of interests or possible conflicts of interest exist, the report shall state that “no conflict exists.” The Guam Election Commission shall prepare separate disclosure reports specifically for Board and Commission members. In the event that any Board or Commission is required to approve the purchase of any item from any source in which any of its members may have a conflict of interest as described herein, such member shall disclose for the record, the nature of such conflict and shall append a copy of the minutes of such meeting to the financial disclosure report.

(b)For the purposes of this Section, “appointees to or members of Boards and Commissions” means members of every board or commission whose original term of office exceeds one

(1)year and whose functions are not solely advisory.