19-41-3 Interests disclosed. Each state-
ment which is filed pursuant to K.S.A. 1983 Supp.
46-248 shall disclose the following: (a) The state-
ment shall include the name, complete address,
and telephone number of the individual filing the
statement. In addition, each statement shall dis-
close the elective office held by that individual;
the office for which a candidate seeks election; the
position of employment; the position to which the
individual was appointed subject to senate confir-
mation; the state council, commission or board of
which the individual is a member; or the agency
to which the individual is a general counsel.


    (b)  Pursuant to K.S.A. 1983 Supp. 46-229(a),
the name of the business and its address, the type
of business, a description of the interest, and a
description of how the interest is held between
the individual and the individual's spouse shall be
included in the statement. Disclosure of the num-
ber of shares or their value, in the case of a cor-
poration, or the net worth, in the case of a pro-
prietorship or partnership, shall not be required.
The value or percentage of a business interest
shall be determined as of the time of the required
filing. The value assigned to a holding shall be the
fair market value.

    For the purposes of this provision, certificates
of deposit, bank savings or checking accounts,
passbook accounts in a savings and loan, shares in
a credit union, life insurance policies, annuities,
notes, bonds, debentures and mortgages shall not
constitute ``legal or equitable interests.'' There-
fore, disclosure of these interests shall not be re-
quired under this provision. Ownership of other
stocks and shares, including traded and closely
held stocks, as well as shares in mutual funds, shall
constitute legal or equitable interest for the pur-
pose of this section.

    (c)  Under K.S.A. 1983 Supp. 46-229(b), the re-
ceipt of interests, dividends and mineral royalties
shall not constitute ``compensation'' as the term is
defined; disclosure of those matters shall not be
required under this provision. The disclosure re-
quired under K.S.A. 1983 Supp. 46-229(b) shall
include the name and address of the business or
combination of the businesses, the type of busi-
ness and a description of whether the compensa-
tion was received by the individual, the individ-
ual's spouse, or both.

    (d)  For the purposes of K.S.A. 1983 Supp. 46-
229(e), the phrase ``client or customer'' shall relate
only to businesses or combinations of businesses.
Disclosure of the amount of any fee shall not be
required. In the case of a partnership, it is the
partner's proportionate share of the business and
hence of the fee which is significant, without re-
gard to expenses of the partnership. The disclo-
sure under this subsection shall include the name
of the client or customer and the address.

    (e)  Holding the position of administrator or ex-
ecutor of an estate shall not be considered re-
portable under K.S.A. 1983 Supp. 46-229(d). The
disclosure under this subsection shall include the
name and address of the business and the position
held. (Authorized by K.S.A. 46-253; implement-
ing K.S.A. 1983 Supp. 46-248; effective, E-77-7,
March 19, 1976; effective, E-77-20, May 1, 1976;
effective Feb. 15, 1977; amended May 1, 1980;
amended May 1, 1982; amended May 1, 1983;
amended May 1, 1984.)