19A.05.02.05

.05 Financial Disclosure.

A. Members of the School Board.

(1) For members of the school board, the regulations shall include financial disclosure requirements that are at least equivalent to the requirements of General Provisions Article, Title 5, Subtitle 6, Annotated Code of Maryland.

(2) The regulations shall require:

(a) A member of the school board who is appointed to fill a vacancy in an office and who has not already filed a statement for the preceding calendar year to file a financial disclosure statement for the preceding calendar year within 30 days of appointment;

(b) A member of the school board who leaves office, other than by reason of death, to file a financial disclosure statement within 60 days after leaving the office for the portion of the current calendar year during which the individual held office and, if a statement has not been filed for the preceding calendar year, for the preceding calendar year; and

(c) All other members of the school board to file a financial disclosure statement for the preceding calendar year on or before April 30 of each year.

B. Candidates to Be Members of the School Board.

(1) This section only applies to a school board that is an elected board under Education Article, Title 3, Subtitle 1, Part III, Annotated Code of Maryland.

(2) The regulations shall require candidates to be members of the school board to file financial disclosure statements disclosing the same information members of the school board are required to disclose under §A of this regulation.

(3) The regulations shall require that candidates to be members of the school board file required financial disclosure statements no later than the filing of the certificates of candidacy for the positions and on or before April 30 of each subsequent year until the election.

C. School Officials and School Employees.

(1) Except as provided in COMAR 19A.05.02.02C(2)(b), the regulations shall require school officials and school employees who, acting alone or as members or employees of a local entity, have decision making authority or act as principal advisors to a person with that authority in making school system or school board policy or exercising quasi-judicial, regulatory, licensing, inspecting, or auditing functions:

(a) To file an annual statement, on or before a date established in the regulations, disclosing gifts received from entities contracting with or regulated by the school board or school system; and

(b) To file a statement disclosing interests that raise conflicts of interest or potential conflicts of interest in connection with a specific proposed action by the school employee or school official, sufficiently in advance of the action to provide adequate disclosure to the public.

(2) Except as provided in COMAR 19A.05.02.02C(2)(b), the regulations may require school employees and school officials to file financial disclosure statements disclosing the information that members of the school board are required to disclose under §A of this regulation.

D. The regulations shall provide that financial disclosure statements filed under the regulations are public records and are available for public inspection and copying.