Section 2 AAC 50.712 - Reporting trusts and beneficial interests(a) In a disclosure statement required by AS 24.60.200 or AS 39.50.020, a legislative branch filer, public official, or candidate shall report each trust fund, retirement account, or other beneficial interest in which the legislative branch filer, public official, candidate or family member holds an interest. This section does not require reporting of unvested interests, contingent interests, or other similar interests that provide no current income and may be modified before the death of another person who holds the interest.(b) For each trust fund, retirement account, or other beneficial interest reported, the disclosure statement must include (1) the information required by AS 39.50.030(b)(4);(2) the name of the legislative branch filer, public official, candidate, or family member who holds the interest; and(3) for any family trust or other beneficial interest that is held by related persons, the total percentage held by(A) a public official, candidate, and all family members of the public official or candidate; or(B) a legislative branch filer, all family members of the legislative branch filer, and all nondependent children living with the legislative branch filer.(c) In this section, "trust fund, retirement account, or other beneficial interest" includes (1) a retirement system plan administered by this state, another state, or the federal government;(2) an employee pension plan, profit-sharing trust, family trust, education trust, deferred compensation plan, annuity plan, or other similar arrangement intended to provide future income or financial benefits to a legislative branch filer, public official, candidate, or family member.Eff. 12/22/2011, Register 200Authority:AS 15.13.030
AS 24.60.200
AS 24.60.220
AS 39.50.020
AS 39.50.030
AS 39.50.050