HI HB361

Prohibits the governor and each county mayor from maintaining any other employment, controlling interest in a business, or receiving any emolument while holding office, effective November 1, 2022.

Requires compliance within sixty-one calendar days after election or appointment to office.

Allows governors and mayors with controlling business interests to transfer those interests to a blind trust within the sixty-one-day compliance period.

Defines "emolument" to exclude salary and benefits from office, pension income, retirement income, social security payments, passive income, and non-controlling ownership of stocks, mutual funds, or real estate.

Takes effect July 1, 2020, with mayors already in office on November 1, 2022 required to comply within sixty-one days.