Bill > SB636

This bill establishes provisions for qualified blind trusts that public officials can use to remove control and knowledge of their investment assets in order to eliminate conflicts of interest. The key provisions include requirements for the trustee to be independent and have full authority to manage the trust without consulting the public official, restrictions on communications between the trustee and the public official, and oversight by the Ethics Commission to approve the trust instrument and trustee, and receive periodic reports on the trust's compliance.