Statements of Economic Interests Clause Samples
The Statements of Economic Interests clause requires parties to disclose any financial interests or relationships that could influence their actions or decisions under the agreement. Typically, this involves submitting a formal statement listing investments, business affiliations, or other economic ties that may present a conflict of interest. By mandating such disclosures, the clause promotes transparency and helps prevent conflicts of interest, ensuring that all parties act in good faith and with integrity.
Statements of Economic Interests. In performing its obligations under in this Agreement, if an employee or representative of Subrecipient makes or participates in a “governmental decision,” as described in title 2, section 18701(a)(2) of the California Code of Regulations or performs the same (or substantially all the same) duties for City that would otherwise be performed by a City employee holding a position specified in City’s conflict of interest code, that Person shall be subject to City’s conflict of interest code, requiring the filing of one or more statements of economic interests disclosing such person’s relevant financial interests. Statements of economic interests shall be made on Fair Political Practices Commission Form 700 (“Form 700”) and filed with the City Clerk. Each Person required to file a Form 700 shall do so within thirty (30) calendar days after City’s determination that such Person is subject to City’s conflict of interest code (“Assuming Office Statement”). All required Persons shall also file a Form 700 on or before each April 1 (“Annual Statement”) disclosing any and all financial interests held during the previous calendar year for which the Person was subject to City’s conflict of interest code.
Statements of Economic Interests. San Francisco LAFCo will require that the consultant(s) comply with the Political Reform Act and provide a Statement of Economic Interests (available at ▇▇▇▇://▇▇▇.▇▇▇▇.▇▇.▇▇▇/index.html?id=234#sei).
Statements of Economic Interests. The Parties are unaware of any financial or economic interest of any public officer or employee of City relating to this Agreement. If Subrecipient becomes aware during the Term of any financial or economic interest of any public officer or employee of City relating to this Agreement, Subrecipient shall immediately Notify City. If such a financial or economic interest is determined by City to exist, City shall have the right to immediately terminate this Agreement by giving Notice of termination to Subrecipient. City may take any other action for a breach or default under this Agreement, including remedies set forth in Section 17.