SB 501 Summary

• Requires "filers" (elected/appointed officers and chief administrative officers of local agencies who file statements of economic interest) to annually file a compensation disclosure form by the same deadline as economic interest statements.

• Secretary of State shall develop the compensation disclosure form requiring disclosure of annual salary/stipend, deferred compensation/defined benefit plan payments, automobile and equipment allowances, supplemental incentive and bonus payments, and payments exceeding standard employee benefits.

• Counties, cities, school districts, special districts, and joint powers agencies maintaining Internet websites must post compensation disclosure information and expense reimbursement policies on their websites and make filed forms available for public inspection within two business days at no more than $0.10 per page.

• District attorneys or interested persons may bring mandamus or injunction actions to enforce the bill's requirements, but must first submit a written demand giving the filer or agency 30 days to cure violations before filing suit.

• Establishes that compensation disclosure is a statewide concern applicable to all cities including charter cities, and provides for state reimbursement of local costs if the Commission on State Mandates determines the bill imposes state-mandated requirements.