Bill > H3314

This bill makes several changes to financial disclosure regulations for public officials in Massachusetts. First, it modifies how monetary amounts are reported, requiring financial disclosures to round amounts to the nearest $10,000 (or nearest $1,000 if less than $10,000), which simplifies reporting categories. Second, the bill changes how financial statements are made available to the public, mandating that the commission must make these documents available for free online download or in-person inspection, with the ability to provide electronic copies via email upon request. The bill also gives the commission discretion to redact home addresses from publicly disclosed documents for privacy reasons. Additionally, the bill adjusts how investment values are calculated for disclosure purposes, now requiring that the aggregate fair market value of investments be considered, with the value determined by summing individual units owned, when the total exceeds $1,000. These changes aim to improve financial transparency while providing some protections for officials' personal information.

Government Affairs

https://malegislature.gov/Bills/194/H3314