LD 2183
pg. 3
Page 2 of 25 An Act to Clarify Provisions of the Laws Administered by the Commission on Gove... Page 4 of 25
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LR 923
Item 1

 
Sec. 6. 1 MRSA §1012, sub-§7, as enacted by PL 1989, c. 561, §4, is
amended to read:

 
7. Income. "Income" means economic gain to a person from any
source, including, but not limited to, compensation for services,
including fees, commissions and payments in kind; income derived
from business; gains derived from dealings in property, rents and
royalties; income from investments including interest, capital
gains and dividends; annuities; income from life insurance and
endowment contracts; pensions; income from discharge of
indebtedness; distributive share of partnership income; income
from an interest in an estate or trust; prizes; and grants, but
does not include gifts. Income received in kind includes, but is
not limited to, the transfer of property and options to buy or
lease, and stock certificates. "Income" does not include alimony
and separate maintenance payments.:

 
A.__Alimony and separate maintenance payments; or

 
B.__Campaign contributions recorded and reported as required
by Title 21-A, chapter 13.

 
Sec. 7. 1 MRSA §1012, sub-§§7-A, 7-B and 8-A are enacted to read:

 
7-A.__Informational program.__"Informational program" means a
program offered to educate Legislators and members of the public
on a matter relating to the duties of the Legislature.

 
7-B.__Organization.__"Organization" means any corporation,
partnership, proprietorship, firm, business, enterprise,
franchise, association, trust or other legal entity other than an
individual or governmental entity.

 
8-A.__Reportable liability. "Reportable liability" means any
unsecured loan of $5,000 or more received from a person who is
not a relative of the Legislator.__"Reportable liability" does
not include:

 
A.__A credit card liability;

 
B.__An education loan made or guaranteed by a governmental
entity, educational institution or nonprofit organization;
or

 
C.__A loan made by a state or federally regulated financial
institution for business purposes.

 
Sec. 8. 1 MRSA §1013, sub-§2, as amended by PL 1977, c. 252, §2, is
repealed.


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