2005-10-12 Board of Ethics Minutes Regular mc

Home

KK: In your research, I wonder if, you know, if revealing a spouse's financial situation might impinge on privacy laws with banks and other institutions, and not complyI also belong to a credit union board and they're very strict on what can be BLT: You can't disclose, but this is whether the husband or the wife- KK: - -No, well I was just wondering aloud if we might be creating a privacy laws WJ: Well we're not getting into savings accounts. CHAIR: No we're looking at—so we're talking real property and BLT: - -I think there's a question being raised whether personal property, which is defined as a financial interest, would include savings and stocks and bonds CHAIR: industrial securities, that sort of thing. BLT: If I understand Mr. Frankel's question, he does want us to look at those issues, whether that has to be disclosed. FRANKEL: Right. And as I said, the way, I think the law requires that mutual funds be disclosed. I don't think, I don't think it's particularly useful information, but you guys can decide that. CHAIR: Yeah. And I personally feel like it's not essential. But remuneration, spousal property, so can we defer action on this? Is there a motion? WJ: Sure, I will make a motion to defer this to the next meeting, and in the mean time get more information from the deputy corporation counsel. CHAIR: Seconds? KI: Second. CHAIR: All in favor —any discussions? Further discussions? All in favor? WJ: Aye. KI: Aye. KK: Aye. CHAIR: The Chair votes aye. Deferred. Third point. New Business 4(a), 2005 -05, requesting an informal advisory opinion on the County Code regarding Council Member James Arakaki's receipt of gifts to his legal defense fund. I'll refer you to Mr. Frankel's letter of September 6. He spells it out quite clearly and comprehensively, his interest, the law, statement of facts, statement of position, the case law is put in there. And connected to this petition is a letter from, a 26