Economic Disclosure Requirements. Vendor acknowledges that it is subject to the California Political Reform Act of 1974, as amended, from time to time (Cal. Government Code section 81000 et seq., the “Reform Act”) and the California Code of Regulations, Title 2, Division 6 as amended from time to time (Section 18110, et seq., the “Cal Regs”) because it meets the definition of “Vendor” under Regulation 18700.3. As such, upon execution of this Agreement, Vendor shall provide LACERA with a list of its employees performing Services under this Agreement that meet the definition of “Vendor” and ensure that each such individual timely files an assuming office statement no later than thirty (30) days after assuming a responsibility that requires the employee to file a statement of economic interest with LACERA and, thereafter, files an annual statement of economic interests (and a leaving office statement, if applicable) in accordance with all applicable statutory and regulatory provisions including without limitation LACERA’s Conflict of Interest Code.
Economic Disclosure Requirements. Consultant acknowledges that it is subject to and agrees to comply with the economic disclosure requirements of the California Political Reform Act of 1974, as amended, from time to time (Cal. Government Code section 81000 et seq., the “Reform Act”) and the California Code of Regulations, Title 2, Division 6 as amended from time to time (Section 18110, et seq., the “Cal Regs”), because it meets the definition of a “consultant” under Regulation 18700.3. As such, upon execution of this Agreement, Consultant shall provide LACERA with a list of its employees performing services under this Agreement that meet the definition of “consultant” and ensure that each such individual timely files an assuming office statement no later than thirty (30) days after the effective date of this Agreement and, thereafter, files an annual statement of economic interests (and a leaving office statement, if applicable) in accordance with all applicable statutory and regulatory provisions.
Economic Disclosure Requirements. The Manager acknowledges that it is subject to and agrees to comply with the economic disclosure requirements of the Reform Act and the Cal Regs, because it meets the definition of a “consultant” under Regulation 18700.3. As such, upon execution of this Agreement, Manager shall provide LACERA with a list of its employees performing services under this Agreement that meet the definition of “consultant” and ensure that each such individual timely files an assuming office statement no later than thirty (30) days after the effective date of this Agreement and, thereafter, files an annual statement of economic interests (and a leaving office statement, if applicable) in accordance with all applicable statutory and regulatory provisions.
Economic Disclosure Requirements. Consultant acknowledges that it is subject to and agrees to comply with the economic disclosure requirements of the California Political Reform Act of 1974, as amended from time to time (Cal. Government Code section 81000 et seq., the “Reform Act”) and the California Code of Regulations, Title 2, Division 6 as amended from time to time (the “Cal Regs”), because the services Consultant provides under this Agreement include one or more of the following non-ministerial functions: (i) directing the investment of LACERA monies, (ii) formulating or approving investment policies, (iii) approving or establishing guidelines for asset allocations, or (iv) approving investment transactions. Therefore, under section 87200 of the Reform Act, one or more individuals employed by Consultant are deemed “public officials who manage public investments”. Consultant shall ensure that each such individual timely files an assuming office statement no later than thirty (30) days after the effective date of this Agreement and, thereafter, files an annual statement of economic interests (and a leaving office statement, if applicable) in accordance with all applicable statutory and regulatory provisions. Notwithstanding the foregoing, Consultant may provide LACERA with an opinion, in form and content and from counsel reasonably acceptable to LACERA that the Reform Act does not apply to the services provided by Consultant under this Agreement.
