Alaska Regulations § 2 AAC 50.712 Reporting trusts and beneficial interests
Regulation Text
(a)
In a disclosure statement required by
AS
24.60.200
or
AS
39.50.020
, a legislative branch filer, public official, or candidate shall report each trust fund, retirement account, or other beneficial interest in which the legislative branch filer, public official, candidate or family member holds an interest. This section does not require reporting of unvested interests, contingent interests, or other similar interests that provide no current income and may be modified before the death of another person who holds the interest.
(b)
For each trust fund, retirement account, or other beneficial interest reported, the disclosure statement must include
(1)
the information required by
AS
39.50.030
(b)(4)
;
(2)
the name of the legislative branch filer, public official, candidate, or family member who holds the interest; and
(3)
for any family trust or other beneficial interest that is held by related persons, the total percentage held by
(A)
a public official, candidate, and all family members of the public official or candidate; or
(B)
a legislative branch filer, all family members of the legislative branch filer, and all nondependent children living with the legislative branch filer.
(c)
In this section, "trust fund, retirement account, or other beneficial interest" includes
(1)
a retirement system plan administered by this state, another state, or the federal government;
(2)
an employee pension plan, profit-sharing trust, family trust, education trust, deferred compensation plan, annuity plan, or other similar arrangement intended to provide future income or financial benefits to a legislative branch filer, public official, candidate, or family member.
History
Eff. 12/22/2011, Register 200
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