SEC. 3.1-457. WORKFORCE INVESTMENT BOARD.
§ 3.1-457
Members of the Workforce Investment Board must disclose all investments, business positions, and income from any business entity that has submitted a proposal to or entered into a contract with the Board during the disclosure period.
Workforce Investment Board members have to report their financial interests in any company that has tried to get a deal with the Board or has already made a deal with the Board during the time covered by their disclosure statement. This includes any investments they own in those companies, any business positions they hold, and any income they receive from them.
- Complex:The section uses nested conditional language ('which has submitted a proposal to enter into or which has entered into') that could be clearer about the temporal scope and whether past, present, or prospective contracts all trigger disclosure.
AI-generated · claude-haiku-4-5 · informational only, not legal advice.
Official text
Disclosure Category 2. Persons in this category shall disclose all investments and business positions in any business entity, and income from any source, which has submitted a proposal to enter into or which has entered into any contract, subcontract or other financial agreement voted on or otherwise discussed by the Workforce Investment Board during the period covered by the disclosure statement.
Designated Positions
Disclosure Categories
Members, Workforce Investment Board
2
(Added by Ord. 80-07, File No. 070122, App. 4/19/2007)