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How to use or fill out Illinois Statement of Economic Interests
- Click ‘Get Form’ to open it in the editor.
- Begin by entering your name and address in the designated space at the top of the form.
- List each office or position of employment for which this Statement is filed, ensuring accuracy.
- In Section 1, provide details about any entity doing business in Illinois where you hold an ownership interest exceeding $5,000 or received dividends over $1,200. Include the business entity name and instrument of ownership.
- For Section 2, list any professional organization where you served as an officer or partner and earned over $1,200 in income during the last year. Include their name, address, and type of practice.
- In Section 3, describe professional services rendered from which you received more than $5,000 in income during the previous year.
- Continue filling out Sections 4 through 8 with relevant information regarding capital assets, lobbyists, government employment, and gifts received.
- Finally, verify your statement by signing and dating it before submission to ensure compliance with Illinois regulations.
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Who is required to file a statement of economic interest in Illinois?
Illinois Governmental Ethics Act requires certain employees, state public officials, and appointees to state boards and commissions to file a Statement of Economic Interests form, disclosing their financial interests, to the Secretary of States office annually on or before May 1.
What is an example of economic interest?
Economic Interest Groups seek to improve the economic circumstances of their members, such as reducing government regulations or increasing wages, and examples would be the U.S. Chamber of Commerce or the AFL-CIO (labor unions).
What do economic interests mean?
Every elected official and public employee who makes or influences governmental decisions is required to submit a Statement of Economic Interests, also known as the Form 700.
What is a statement of economic interest in California?
A Statement of Economic Interest (FORM 700) is a state form on which state and local government officials publicly disclose their personal assets and income that may be materially affected by their official acts.
What is the meaning of economic interest?
Economic Interest means a Persons right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in
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