Revises provisions governing financial disclosure statements filed by certain public officers and candidates for public office. (BDR 23-176)

S.B. 144

- *SB144*

SENATE BILL NO. 144–SENATOR SCHEIBLE

PREFILED JANUARY 30, 2025
____________

Referred to Committee on Legislative Operations and Elections

SUMMARY—Revises provisions governing financial disclosure
statements filed by certain public officers and
candidates for public office. (BDR 23-176)

FISCAL NOTE: Effect on Local Government: No.
Effect on the State: Yes.

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

AN ACT relating to public office; revising provisions governing
financial disclosure statements filed by certain public
officers and candidates for public office; and providin g
other matters properly relating thereto.
Legislative Counsel’s Digest:
The Nevada Financial Disclosure Act requires certain public officers and 1
candidates for public office to disclose certain information in financial disclosure 2
statements filed with th e Secretary of State. (NRS 281.005, 281.5555 -281.581) In 3
part, existing law requires the disclosure of each business entity with which the 4
public officer or candidate or a member of the public officer’s or candidate’s 5
household is involved as a holder of a class of stock or security representing 1 6
percent or more of the total outstanding stock or securities issued by the business 7
entity. (NRS 281.571) This bill also requires the disclosure of each business entity 8
with which the public officer or candidate o r a member of the public officer’s or 9
candidate’s household is involved as a holder of a class of stock or security issued 10
by the business entity that is valued at $5,000 or more. 11

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

Section 1. NRS 281.571 is hereby amended to read as follows: 1
281.571 Each financial disclosure statement must contain the 2
following information concerning the public officer or candidate: 3
1. The public officer’s or candidate’s length of residence in the 4
State of Nevada and the district in which the public officer or 5
candidate is registered to vote. 6

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2. Each source of the public officer’s or candidate’s income, or 1
that of any member of the public officer’s or candidate’s household 2
who is 18 years of age or older. No listing of individual clients, 3
customers or patie nts is required, but if that is the case, a general 4
source such as “professional services” must be disclosed. 5
3. A list of the specific location and particular use of real 6
estate, other than a personal residence: 7
(a) In which the public officer or candidate or a member of the 8
public officer’s or candidate’s household has a legal or beneficial 9
interest; 10
(b) Whose fair market value is $2,500 or more; and 11
(c) That is located in this State or an adjacent state. 12
4. The name of each creditor to whom the public officer or 13
candidate or a member of the public officer’s or candidate’s 14
household owes $5,000 or more, except for: 15
(a) A debt secured by a mortgage or deed of trust of real 16
property which is not required to be listed pursuant to subsection 3; 17
and 18
(b) A debt for which a security interest in a motor vehicle for 19
personal use was retained by the seller. 20
5. If the public officer or candidate has undertaken or attended 21
any educational or informational meetings, events or trips during the 22
immediately preceding calendar year or other period for which the 23
public officer or candidate is filing the financial disclosure 24
statement, a list of all such meetings, events or trips, including: 25
(a) The purpose and location of th e meeting, event or trip and 26
the name of the organization conducting, sponsoring, hosting or 27
requesting the meeting, event or trip; 28
(b) The identity of each interested person providing anything of 29
value to the public officer or candidate or a member of th e public 30
officer’s or candidate’s household to undertake or attend the 31
meeting, event or trip; and 32
(c) The aggregate value of everything provided by those 33
interested persons to the public officer or candidate or a member of 34
the public officer’s or candida te’s household to undertake or attend 35
the meeting, event or trip. 36
6. If the public officer or candidate has received any gifts in 37
excess of an aggregate value of $200 from a donor during the 38
immediately preceding calendar year or other period for which the 39
public officer or candidate is filing the financial disclosure 40
statement, a list of all such gifts, including the identity of the donor 41
and the value of each gift. 42
7. A list of each business entity with which the public off icer 43
or candidate or a member of the public officer’s or candidate’s 44
household is involved as a trustee, beneficiary of a trust, director, 45

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officer, owner in whole or in part, limited or general partner, or 1
holder of a class of stock or security [representing] issued by the 2
business entity that: 3
(a) Represents 1 percent or more of the total outstanding stock 4
or securities issued by the business entity [.] ; or 5
(b) Is valued at $5,000 or more. 6
8. A list of all public offices presently held by the public 7
officer or candidate for which this financial disclosure statement is 8
required. 9
Sec. 2. This act becomes effective on July 1, 2025. 10

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