GA HB1362

Persons with financial interests in state or federal contracts, or who transact business with state or federal agencies, are ineligible to serve as Governor, Lieutenant Governor, Secretary of State, Attorney General, State School Superintendent, or Commissioners of Agriculture, Labor, and Insurance

"Financial interest" is defined as any direct or indirect ownership, partnership interest, or stock holdings of 3% or more in a corporation—lowered from the previous "substantial interest" threshold of 25% ownership

Prohibitions on transacting business with state agencies are expanded to apply to all public officials (not just full-time officials with state-wide powers), and existing exceptions for sealed competitive bids, small transactions under $250/$9,000, and approved real estate leases are eliminated for these officials

Public officials with any financial interest below the 3% threshold who transact business with the state must still file annual disclosure statements with the State Ethics Commission by January 31

The definition of "state-wide powers" is removed from the code, effectively broadening conflict of interest restrictions beyond the previously enumerated positions