AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE OFFICE OF STATE ETHICS FOR REVISIONS TO THE STATE CODES OF ETHICS.

SB 323 requires state officials - including elected leaders, legislators, department heads, and certain agency members - to file annual electronic financial disclosures by May 1st each year. These disclosures must detail business associations, income sources over $1,000, securities over $5,000, real property, major debts, and state contracts held by the official or their household. The bill exempts retirement accounts (like 401(k)s) from listing individual securities, requiring only the plan name. It aims to enhance transparency by standardizing ethics reporting across state agencies, effective October 1, 2026.