PARRIS N. GLENDENING, Governor

Ch. 588

of attributable interests and the coverage of interests held by a blind trust approved
by and operated in conformity with regulations of the State Ethics Commission;
generally relating to the Public Ethics Law; and providing for the effective date of
this Act.

BY repealing and reenacting, with amendments,
Article 40A - Maryland Public Ethics Law
Section 4-104

Annotated Code of Maryland
(1993 Replacement Volume and 1994 Supplement)

BY repealing and reenacting, with amendments,

Article - State Government

Section 15-608

Annotated Code of Maryland

(1993 Replacement Volume and 1994 Supplement)

(As enacted by Chapter____ (H.B. 12) of the Acts of the General Assembly of

1995)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 40A - Maryland Public Ethics Law

4-104.

For the purposes of § 4-103(a), (b), and (c) and the disclosures therein required,
the following shall be considered to be the interests of the person making the statement:

(a)     Any interest held by the spouse or a child of the person making the statement,
if such interest was at any time during the year for which the statement is filed directly or
indirectly controlled by the person making the statement.

(b)     Any interest held by a business entity in which a 30 percent or greater interest
was at any time during the year for which the statement is filed held by the person making
the statement. This requirement does not affect in any way the requirement of § 4-103(a)
of this article for disclosure of real property interests held in the name of a partnership in
which the filer holds an interest or the requirement of § 4-103(b) of this subtitle for
disclosure of all partnership interests.

(c)     Any interest held by a trust or an estate in which, at any time during the year
for which the statement is filed, the person making the statement (1) held a reversionary
interest or was a beneficiary or (2) if the trust was revocable, was a settlor. A trust, within
the meaning of this subsection, does not include a common trust fund or a trust which
forms part of a pension or profit-sharing plan which has more than 25 participants and
which has been determined by the Internal Revenue Service to be a qualified trust under
§§ 401 and 501 of the Internal Revenue Code. HOWEVER, INTERESTS HELD BY A BLIND
TRUST MAY NOT BE CONSIDERED TO BE INTERESTS OF THE PERSON MAKING THE

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