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Financial disclosure legislation for city boards, commissions approved

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Supervisor Aaron Peskin (Mike Koozmin/2015 S.F. Examiner)

Supervisor Aaron Peskin’s legislation to increase penalties for members of city boards and commission who do not file required forms disclosing their financial interests was approved unanimously Tuesday by the Board of Supervisors.

Failure to file the Form 700s, otherwise known as Statements of Economic Interests, would land someone on an Ethics Commission’s web site that list the names of those who failed to file “on a timely basis,” the legislation mandates. The forms disclose items including stock holdings and compensation.

Members of city boards and commissions who failed to file would be prohibited from voting on items on the agenda and the clerk would announce their failure at the start of the meetings.

Supervisor Catherine Stefani on Tuesday called for a provision allowing someone to seek a temporary waiver from the Ethics Commission’s executive director for extenuating circumstances. The member will continue to be disqualified from voting on matters until filing.

Peskin said the law “will encourage those handful of late filers and a tiny percentage of non-filers of Form 700s out in the land of our commissions.”

He also noted that to get the waiver “they have to have a justification. It’s not for any reason like, ‘Oh the dog ate my homework.’”

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