Get ready, it’s that time of year again!
Senate Bill 126 added Education Code Section 47604.1 that expressly requires charter schools to comply with the Political Reform Act (“Act”). Part of that Act includes the duty of public officials, such as charter school board members and most of the administrative team, to file an annual Statement of Economic Interest (or “Form 700”) before April 1. The Fair Political Practices Commission (“FPPC”) exercises jurisdiction and enforcement of the Act and can penalize and fine individuals that fail to file (or late file) or file inaccurate Form 700s.
In this webinar, we will provide a basic overview of Form 700 including which types of financial interests must be disclosed and which ones are exempt from disclosure:
- Investments (e.g., stocks, bonds, and other interests)
- Income and loans
- 401k Account
- Ownership in a Business
- Real Property (e.g., primary, rental, commercial)
- Spouse/Partner’s Income