.Number
041443
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
A substitute ordinance relating to the city's code of ethics and the disclosure of economic interests.
Sections
303-13-1-c rp
303-13-1-d rn
303-13-4 am
303-13-6 am
320-5 cr
Analysis
This ordinance makes the following changes to the city's code of ethics with respect to the filing of information on the statement of economic interests:
1. Disclosure of an association with any nonprofit organization.
2. Disclosure of real property located in Milwaukee county and the 4 counties surrounding it, instead of real property in the state of Wisconsin.
3. Disclosure of income from a corporation taxed under subchapter C of the internal revenue code.
In addition, the ethics board shall be notified upon introduction of a common council file to create a board or commission so that it may consider recommending that nominees to that board or commission file a statement of economic interests.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 303-13-1-c of the code is repealed.
(Note: The provisions being repealed read as follows:
303-13. Form of Statement.
1. c. Any nonprofit organization which is formed exclusively for social purposes and any nonprofit community service organization.)
Part 2. Section 303-13-1-d of the code is renumbered 303-13-1-c.
Part 3. Section 303-13-4 of the code is amended to read:
4. The real property located [[in Wisconsin]] >>in the counties of Milwaukee, Ozaukee, Racine, Washington and Waukesha<< in which the individual who is required to file or such individual's immediate family hold an interest, other than the principal residence of the individual or his or her immediate family, and the nature of the interest held. An individual's interest in real property does not include a proportional share of interests in real property if the individual's proportional share is less than 10% of the outstanding shares or is less than an equity value of $5,000
Part 4. Section 303-13-6 of the code is amended to read:
6. If the individual who is required to file or a member of his or her immediate family received $1,000 or more of his or her income for the preceding taxable year from a partnership, limited liability company, corporation electing to be taxed as a partnership under subchapter S of the internal revenue code>>,corporation taxed under subchapter C of the internal revenue code<<or a service corporation under ss. 180.1901 to 180.1921, Wis. Stats., in which the individual or a member of his or her immediate family, severally or in the aggregate, has a 10% or greater interest, the identity of each payer from which the organization received $1,000 or more of its income for its preceding taxable year, except that if the individual is required to file identifies the general nature of the business in which he or she or his or her immediate family is engaged then no identification need be made of a decedent's estate or an individual, not acting as a representative of an organization, unless the individual is a lobbyist as defined in s. 13.62, Wis. Stats. In addition, no identification need be made of payers from which dividends or interest are received.
Part 5. Section 320-5 of the code is created to read:
320-5. Ethics Board Notification. Upon introduction of a common council file to create a board or commission, the ethics board shall be notified so that it may consider recommending that members of such board or commission be required to file a statement of economic interests.
LRB
APPROVED AS TO FORM
________________________
Legislative Reference Bureau
Date:______________________
Attorney
IT IS OUR OPINION THAT THE ORDINANCE
IS LEGAL AND ENFORCEABLE
_____________________________
Office of the City Attorney
Date:________________________
Requestor
Board of Ethics
Drafter
LRB04541-2
AEH
2/7/2005