SEC. 3.1-405. RESIDENTIAL RENT STABILIZATION AND ARBITRATION BOARD.
§ 3.1-405
This section specifies financial disclosure requirements for officials of the Residential Rent Stabilization and Arbitration Board, requiring board members and administrative law judges to disclose all interests in residential real property and related income/investments, while other positions have less stringent disclosure obligations.
People who work for or serve on the city's Rent Board must publicly report their financial interests. Board members and administrative law judges have to report all property they own or have financial stakes in, plus any income or business positions they hold in companies that deal with residential real estate. Other staff positions like the executive director and deputy director have to report fewer types of interests. A 'business position' means being a director, officer, partner, employee, or manager of a company.
- Complex:The section references a broader disclosure framework (Disclosure Category 2) without fully defining what Category 1 requires, making it hard to understand the actual scope of obligations for different positions without consulting other code sections.
AI-generated · claude-haiku-4-5 · informational only, not legal advice.
Official text
Disclosure Category 2. Persons in this category shall disclose all interests in real property, and all income from, investments in, and business positions held in any business entity with an interest in residential real property in the jurisdiction, or which may foreseeably acquire such an interest, or which has acquired such an interest within two years prior to the time period covered in a statement of economic interests. An official occupies a "business position" if he or she is a director, officer, partner, trustee, employee or holds any position of management.
Designated Positions
Disclosure Categories
Board Members
2
Executive Director
1
Administrative Law Judge
2
Deputy Director
1
Chief Information Officer
1
Manager II (Operations & Finance)
1
(Added by Ord. 71-00, File No. 000358, App. 4/28/2000; amended by Ord. 7-21, File No. 201219, App. 1/22/2021, Eff. 2/22/2021, Oper. 2/22/2021; Ord. 13-23, File No. 221025, App. 2/9/2023, Eff. 3/12/2023)
(Derivation: Former Administrative Code Section 58.365)