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Reso 2008-144
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Reso 2008-144
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Last modified
12/18/2008 11:41:37 AM
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12/18/2008 11:40:51 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
12/15/2008
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PERM
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_CC Agenda 2008 1215
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2008\Packet 2008 1215
8D Consent 2008 1215
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2008\Packet 2008 1215
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first cousin, or the spouse of any such persons, provided that the person making the loan <br />is not acting as an agent or intermediary for any person not otherwise exempted under <br />this section. <br />3. Loans from a person which, in the aggregate, do not exceed five hundred dollars <br />($500) at any given time. <br />4. Loans made, or offered in writing, before January 1, 1998. <br />(8.3) Section 8.3. Loan Terms. <br />(A) Except as set forth in subdivision (B), no elected officer of a state or local <br />government agency shall, from the date of his or her election to office through the date he <br />or she vacates office, receive a personal loan of five hundred dollars ($500) or more, <br />except when the loan is in writing and clearly states the terms of the loan, including the <br />parties to the loan agreement, date of the loan, amount of the loan, term of the loan, date <br />or dates when payments shall be due on the loan and the amount of the payments, and the <br />rate of interest paid on the loan. <br />(B) This section shall not apply to the following types of loans: <br />1. Loans made to the campaign committee of the elected officer. <br />2. Loans made to the elected officer by his or her spouse, child, parent, grandparent, <br />grandchild, brother, sister, parent-in-law, brother-in-law, sister-in-law, nephew, niece, <br />aunt, uncle, or first cousin, or the spouse of any such person, provided that the person <br />making the loan is not acting as an agent or intermediary for any person not otherwise <br />exempted under this section. <br />3. Loans made, or offered in writing, before January 1, 1998. <br />(C) Nothing in this section shall exempt any person from any other provision of Title 9 of <br />the Government Code. <br />(8.4) Section 8.4. Personal Loans. <br />(A) Except as set forth in subdivision (B), a personal loan received by any designated <br />employee shall become a gift to the designated employee for the purposes of this section <br />in the following circumstances: <br />L If the loan has a defined date or dates for repayment, when the statute of limitations for <br />filing an action for default has expired. <br />2. If the loan has no defined date or dates for repayment, when one year has elapsed from <br />the later of the following: <br />
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