Laserfiche WebLink
indebtedness created as part of a retail installment or credit card transaction, if the loan is made <br /> or the indebtedness created in the lender's regular course of business on terms available to <br /> members of the public without regard to the elected officer's official status. <br /> (D)No public official who is exempt from the state civil service system pursuant to subdivisions <br /> (c), (d), (e), (f), and(g)of Section 4 of Article VII of the Constitution shall,while he or she holds <br /> office,receive a personal loan from any person who has a contract with the state or local <br /> government agency to which that elected officer has been elected or over which that elected <br /> officer's agency has direction and control. This subdivision shall not apply to loans made by <br /> banks or other financial institutions or to any indebtedness created as part of a retail installment <br /> or credit card transaction, if the loan is made or the indebtedness created in the lender's regular <br /> course of business on terms available to members of the public without regard to the elected <br /> officer's official status. This subdivision shall not apply to loans made to a public official whose <br /> duties are solely secretarial, clerical, or manual. <br /> (E) This section shall not apply to the following: <br /> 1. Loans made to the campaign committee of an elected officer or candidate for elective office. <br /> 2. Loans made by a public official's spouse, child,parent, grandparent, grandchild, brother, <br /> sister,parent-in-law, brother-in-law, sister-in-law, nephew, niece, aunt, uncle, or first cousin, or <br /> the spouse of any such persons,provided that the person making the loan is not acting as an <br /> agent or intermediary for any person not otherwise exempted under this section. <br /> 3. Loans from a person which, in the aggregate, do not exceed five hundred dollars ($500)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(B), no elected officer of a state or local government <br /> agency shall, from the date of his or her election to office through the date he or she vacates <br /> office, receive a personal loan of$500 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 <br /> of the loan,term of the loan, date or dates when payments shall be due on the loan and the <br /> amount of 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 <br /> cousin, or the spouse of any such person,provided that the person making the loan is not acting <br /> as an agent or intermediary for any person not otherwise exempted under this section. <br /> 3. Loans made, or offered in writing,before January 1, 1998. <br /> San Leandro Administrative Code Chapter 4.2,Appendix A <br /> DRAFT for Council Agenda of 03/18/2013 Page 6 <br />