HI HB1075

Prohibits the lieutenant governor from maintaining any other employment, controlling interest in a business, or receiving emoluments while holding office, effective November 1, 2022, beginning on the sixty-first calendar day after election or appointment.

Allows a lieutenant governor with a controlling interest in a business to transfer it to a blind trust within sixty-one days of taking office to comply with the restriction.

Defines "emolument" to include salary, fees, payments, wages, earnings, allowances, stipends, honorariums, and rewards, but excludes salary/benefits for the lieutenant governor position, pensions, retirement income, social security, non-controlling stock/mutual fund ownership, real estate, and passive income.

Defines "blind trust" as an arrangement where neither the trustor nor beneficiaries have control, influence, or knowledge of assets, complying with the "qualified blind trust" definition in the federal Ethics in Government Act of 1978.

Takes effect upon approval and applies the same outside employment and emoluments restrictions already in place for governors to the lieutenant governor office.