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CA SB1111
Bill
AI Summary
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Expands the definition of "remote interest" under Government Code Section 1091 to include situations where a public officer's child is an officer, director, or has 10% or more ownership in a company contracting with the officer's body or board, effective January 1, 2026.
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Requires public officers to disclose this child-related financial interest to their body or board and have it noted in official records before the board can authorize, approve, or ratify the contract.
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Maintains existing penalty for willful failure to disclose financial interests under Section 1097, with violations not voiding contracts unless the contracting party had knowledge of the interest at execution.
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Specifies that the remote interest exception only applies if the officer actually knows about the child's ownership or position in the contracting party.
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Exempts local agencies and school districts from state reimbursement obligations under Article XIII B of the California Constitution since the bill creates a new crime by expanding conflict of interest violations.
Legislative Description
Public officers: contracts: financial interest.
Last Action
Chaptered by Secretary of State. Chapter 324, Statutes of 2024.
9/20/2024