87460
. (a) No elected officer of a state or local government agency
shall, from the date of his or her election to office through the
date that he or she vacates office, receive a personal loan from any
officer, employee, member, or consultant of the state or local
government agency in which the elected officer holds office or over
which the elected officer's agency has direction and control.
(b) No public official who is required to file a statement of
economic interests pursuant to Section 87200 and no public official
who is exempt from the state civil service system pursuant to
subdivisions (c), (d), (e), (f), and (g) of Section 4 of Article VII
of the Constitution shall, while he or she holds office, receive a
personal loan from any officer, employee, member, or consultant of
the state or local government agency in which the public official
holds office or over which the public official's agency has direction
and control. This subdivision shall not apply to loans made to a
public official whose duties are solely secretarial, clerical, or
manual.
(c) No elected officer of a state or local government agency
shall, from the date of his or her election to office through the
date that he or she vacates office, receive a personal loan from any
person who has a contract with the state or local government agency
to which that elected officer has been elected or over which that
elected officer's agency has direction and control. This subdivision
shall not apply to loans made by banks or other financial
institutions or to any indebtedness created as part of a retail
installment or credit card transaction, if the loan is made or the
indebtedness created in the lender's regular course of business on
terms available to members of the public without regard to the
elected officer's official status.
(d) No public official who is required to file a statement of
economic interests pursuant to Section 87200 and no public official
who is exempt from the state civil service system pursuant to
subdivisions (c), (d), (e), (f), and (g) of Section 4 of Article VII
of the Constitution shall, while he or she holds office, receive a
personal loan from any person who has a contract with the state or
local government agency to which that elected officer has been
elected or over which that elected officer's agency has direction and
control. This subdivision shall not apply to loans made by banks or
other financial institutions or to any indebtedness created as part
of a retail installment or credit card transaction, if the loan is
made or the indebtedness created in the lender's regular course of
business on terms available to members of the public without regard
to the elected officer's official status. This subdivision shall not
apply to loans made to a public official whose duties are solely
secretarial, clerical, or manual.
(e) This section shall not apply to the following:
(1) Loans made to the campaign committee of an elected officer or
candidate for elective office.
(2) Loans made by a public official's spouse, child, parent,
grandparent, grandchild, brother, sister, parent-in-law,
brother-in-law, sister-in-law, nephew, niece, aunt, uncle, or first
cousin, or the spouse of any such persons, provided that the person
making the loan is not acting as an agent or intermediary for any
person not otherwise exempted under this section.
(3) Loans from a person which, in the aggregate, do not exceed two
hundred fifty dollars ($250) at any given time.
(4) Loans made, or offered in writing, before the operative date
of this section.