Expands deadline for filing financial disclosure statements by candidates for Governor and member of Legislature.
Impact
The bill is positioned as a means to enhance compliance and transparency within New Jersey's political system. By extending the filing deadline, the intention is to reduce the likelihood of inaccuracies in financial disclosure statements, which are crucial for promoting accountability in government. The changes are considered relevant for both gubernatorial and legislative candidates, ultimately impacting how campaign financing and potential conflicts of interest are disclosed to the public.
Summary
Bill S800 aims to modify the deadlines for financial disclosure statements that candidates for certain New Jersey elective offices must file. Specifically, it changes the deadline for the Governor's disclosure from the 10th day after the petition deadline to the 30th day, while the deadline for members of the Senate and General Assembly is adjusted to coincide with the date they are required to submit their own disclosures to the Joint Legislative Committee on Ethical Standards. This new timeline aims to provide candidates with more time to complete these important documents accurately.
Contention
While the bill is generally seen as a positive step towards increasing transparency, it has faced scrutiny regarding the balance between timely disclosures and providing sufficient time for candidates. Supporters advocate that the amendments will simplify the process, whereas opponents may argue that even longer deadlines could delay public access to important financial information regarding candidates' interests and affiliations, potentially undermining the transparency objectives that the bill seeks to achieve.
Requires candidates for member of Legislature to file same financial disclosure statement with ELEC and Joint Legislative Committee on Ethical Standards as incumbent members.
Requires elected public officials and candidates for elective public office to disclose if they ever filed for bankruptcy; requires financial disclosure by candidates for public office in county or municipality.
Relates to the annual statement of financial disclosure and the posting of financial disclosure filings for candidates for statewide elected office or candidates for a member of the legislature.
Relates to the annual statement of financial disclosure and the posting of financial disclosure filings for candidates for statewide elected office or candidates for a member of the legislature.
Requires candidates for member of Legislature to file same financial disclosure statement with ELEC and Joint Legislative Committee on Ethical Standards as incumbent members.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Requires elected public officials and candidates for elective public office to disclose if they ever filed for bankruptcy; requires financial disclosure by candidates for public office in county or municipality.