The Political Reform Act of 1974 (PRA) requires individuals elected, appointed, or nominated to office to file statements disclosing their investments, interests, real property, and income received in the 12 months before assuming office within 30 days of assuming office, at regular intervals during their service, and when they leave office.
AB 1286 adds a new category to the disclosure: arrangements for prospective employment. Officials must now disclose any arrangement for prospective employment. AB 1286 defines an “arrangement for prospective employment” as an agreement in which a person has accepted a job offer from a future employer, whether verbally or in writing.
AB 1286 requires that, when an arrangement for prospective employment is required to be reported, the statement shall contain the following information: (1) the date that the filer accepted the prospective employer’s offer of employment; (2) the business position; (3) a general description of the business activity of the prospective employer; and (4) the name and street address of the prospective employer.
(AB 1286 amends Sections 87202, 87203, and 87204, and adds Sections 82004.2 and 87207.5 of the Government Code.)