Illinois Department of Natural Resources
QUESTIONS MOST FREQUENTLY ASKED ABOUT FILLING OUT THE STATEMENT OF ECONOMIC INTERESTS FORM "IF IN DOUBT, LIST IT"
1. What does "Business Entity" mean?
Single blocks of stock
Real Estate (other than personal residence)
Rental Property (address)
Farmland (brief description & County)
Trust Funds
Mutual Funds (if not in a retirement account)
NO Savings Accounts, CD's, Tax Exempt Bonds, Bank Accounts, etc.
2. What is "Instrument of Ownership"?
Partner
Sole Owner
Stock Holder
Trustee
Spouse Owns
3. What types of Professions need to be listed?
Attorneys
Physicians
Accountants
Bankers
Engineers
Architects
Dentists
Clinical Psychologist
4. Do I have to list clients? NO
5. What do you consider a capitol asset?
Sale of land, house, etc.
Single blocks of stock
NO CARS
Only name of stock and/or address of property need to be listed
(No dollar amounts)
The capitol gain is before taxes or re-investment
6. Lobbyist
If spouse is a lobbyist, they must indicate.
Most people do not admit to knowing or having any business with lobbyists.
7. Most of the time people can use the terms (same as number 1 or see number 1)
Most business, rental property, etc. will gross a $1200 per year income.
8. If a person teaches at another school part time, or is on a Park Board, School Board, Zoning Board, or County Board, etc., it should be listed.
Previously held a position in another State Department, it should be listed.
Army Guard, Air Guard, etc., should be listed.
Consulting contract with other State agencies.
Rule of thumb "If controlling tax dollars or being paid from tax dollars, it should be listed."
9. List the name of the person from which a gift was received if it is over $500. The actual amount is not necessary.
Inheritances are to be listed: Example: Inheritance from the estate of John Doe. The amount of the inheritance does not have to be listed.

 

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