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Page 6of10 <br /> • 3. Loans from a person which, in the aggregate, do not exceed two hundred fifty dollars (S250) at any <br /> 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 (13), no elected officer of a state or local government agency <br /> shall, from the date of his or her election to office through the date he or she vacates office, receive a <br /> personal loan of five hundred dollars (5500) or more, except when the loan is in writing and clearly <br /> states the terms of the loan, including the parties to the loan agreement, date of the loan, amount of <br /> the loan, term of the loan, date or dates when payments shall be due on the loan and the amount of <br /> the payments, and the 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, grandchild, <br /> brother, sister, parent -in -law, brother -in -law, sister -in -law, nephew, niece, aunt, uncle, or first cousin, <br /> or the spouse of any such person, provided that the person making the loan is not acting as an agent <br /> or intermediary for any person not otherwise 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 the <br /> 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 employee shall <br /> become a gift to the designated employee for the purposes of this section in the following <br /> circumstances: <br /> 1. If the loan has a defined date or dates for repayment, when the statute of limitations for filing an <br /> action for default has expired. <br /> 2. If the loan has no defined date or dates for repayment, when one year has elapsed from the later of <br /> the following: <br /> a. The date the loan was made. <br /> b. The date the last payment of one hundred dollars (5100) or more was made on the loan. <br /> c. The date upon which the debtor has made payments on the loan aggregating to less than two <br /> hundred fifty dollars (S250) during the previous 12 months. <br /> (13) This section shall not apply to the following types of loans: <br /> http://www.fppc.ca.gov/Legal/Regs/18730.htm 9/14/00 <br />