WILLIAM DONALD SCHAEFER, Governor

Ch. 577

6-605.

(A)     IN THE ENFORCEMENT OF THIS SUBTITLE, THE CLERK OF THE COUNTY
COUNCIL SHALL BE SUBJECT TO THE DIRECTION AND CONTROL OF THE ETHICS
COMMISSION OR ITS EXECUTIVE DIRECTOR AND, UNLESS OTHERWISE
SPECIFICALLY DIRECTED BY THE COMMISSION OR ITS EXECUTIVE DIRECTOR, MAY
ONLY:

(1)       RECEIVE FILINGS;

(2)      MAINTAIN RECORDS;

(3)       REPORT VIOLATIONS; AND

(4)      PERFORM OTHER MINISTERIAL DUTIES NECESSARY TO
ADMINISTER THIS SUBTITLE.

(B)      NOTWITHSTANDING ANY PROVISION OF THIS SUBTITLE, AS TO A
CORPORATION LISTED ON A NATIONAL STOCK EXCHANGE OR REGULATED BY THE
SECURITIES AND EXCHANGE COMMISSION, AND ANY SUBSIDIARY OF THE
CORPORATION, THE FOLLOWING REQUIREMENTS APPLY IF THE FILING OF AN
AFFIDAVIT WOULD OTHERWISE BE REQUIRED UNDER THIS SUBTITLE:

(1)      A DIRECTOR OR OFFICER IN THE CORPORATION OR ANY OF ITS
SUBSIDIARIES, OR A STOCKHOLDER WHO HAS A 5 PERCENT OR GREATER INTEREST
IN THE CORPORATION OR ANY OF ITS SUBSIDIARIES, SHALL ONLY BE REQUIRED TO
FILE AN AFFIDAVIT IF THE INDIVIDUAL HAS MADE A PAYMENT TO THE TREASURER
OF A CANDIDATE OR CONTINUING POLITICAL COMMITTEE, OR IF THE INDIVIDUAL
HAS SOLICITED ANYONE TO MAKE A PAYMENT TO THE TREASURER OF A
CANDIDATE OR CONTINUING POLITICAL COMMITTEE; AND

(2)      THE CORPORATION OR ITS SUBSIDIARY SHALL FILE A CORPORATE
AFFIDAVIT STATING:

(I)       1. THAT THE CORPORATION HAS NOT MADE OR SOLICITED
ANY PAYMENT TO THE TREASURER OF A CANDIDATE OR CONTINUING POLITICAL
COMMITTEE; OR

2. IF SUCH A PAYMENT WAS MADE, THE NAME OF THE
MEMBER TO WHOSE TREASURER, OR WHOSE CONTINUING POLITICAL COMMITTEE,
THE PAYMENT WAS MADE; AND

(II)     THAT ALL DIRECTORS, OFFICERS, AND STOCKHOLDERS WITH
A 5 PERCENT OR GREATER INTEREST HAVE BEEN NOTIFIED OF THE DISCLOSURE
REQUIREMENTS OF ITEM (1) OF THIS SUBSECTION.

(C)      (1) THE AFFIDAVITS AND DISCLOSURES REQUIRED UNDER THIS
SUBTITLE SHALL BE FILED IN THE APPROPRIATE CASE FILE OF AN APPLICATION.

(2) THE CLERK OF THE COUNTY COUNCIL, AT LEAST TWICE EACH
YEAR, SHALL PREPARE A SUMMARY REPORT COMPILING ALL AFFIDAVITS AND
DISCLOSURES THAT HAVE BEEN FILED IN THE APPLICATION CASE FILES.

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