HARRY HUGHES, Governor

2965

OF THIS ARTICLE, IF lobbying is only a portion of a
person's employment, compensation means a prorated amount
based on the time devoted to lobbying compared to the time
devoted to other employment duties. For reporting purposes,
a prorated amount shall be labeled as such.

[(h)] (I) Employee or State employee. — "Employee" or
"State employee" means any person, OTHER THAN A STATE OR
PUBLIC OFFICIAL, employed by [the] AN executive AGENCY or
the legislative branch or in the judicial branch of the
State government [other than a State or public official].

[(i)] (J) Employer. -- "Employer" means any person
paying or agreeing to pay compensation to another person for
services rendered.

[(j)] (K) Executive action. — "Executive action"
means any act taken by a State or public official or
employee of the executive branch, for which the executive
branch is responsible.

[(k)] (L) Executive agency. — "Executive agency"
means a commission, board, agency DEPARTMENT, AGENCY,
COMMISSION, BOARD, COUNCIL, or other body In State
government, which is established by law but which is not a
part of EITHER the legislative or BRANCH OR THE judicial
branch and has not been exempted by the Commission.

[(1)] (M) Financial interest. — "Financial interest"
means:

(1)  Ownership of any interest as the result of
which the owner has received, within the past 3 years, or is
presently receiving, or in the future is entitled to
receive, more than $1,000 per year, or

(2)  Ownership, or the ownership of securities of
any kind representing or convertible into ownership, of more
than 3 percent of a business entity.

[(m)] (N) Interest. — "Interest" means any legal or
equitable economic interest, whether or not subject to an
encumbrance or a condition, which was owned or held, in
whole or in part, jointly or severally, directly or
indirectly, at any time during the calendar year for which a
required statement is to be filed. "Interest" does not
include:

(1)  An interest held in the capacity of a
personal representative, agent, custodian, fiduciary, or
trustee, unless the holder has an equitable interest
therein;

(2)  An interest in a time or demand deposit in a
financial institution;