CEO 74-51 -- November 7, 1974

ASSETS

DISCLOSURE OF STOCKS AND BONDS LISTED ON A NATIONAL EXCHANGE

To: Thomas H. Anderson, Attorney for Bal Harbour Village, Miami

Prepared by: Gene L. "Hal" Johnson

SUMMARY:

Reference is made to CEO 74-1. No specific exclusion is made of stocks and bonds from the assets noted in s. 112.3145(1)(e), F. S., as created by Ch. 74-177, Laws of Florida. Stocks and bonds thus must be listed on the public officer's financial disclosure statement, if the requisite minimum percentage of 15 percent of the value of the officer's total assets is met. Each stock and bond should be reported by the type of financial investment and the name and business address of the corporation in which the investment is held.

QUESTION:

Must I list on the disclosure of assets, CE Form 1, p. 6, my ownership of stocks and bonds which are listed on the New York Stock Exchange if they have a value greater than 15 percent of my total assets?

Your question is answered in the affirmative.

It is our opinion that stocks and bonds are assets within the meaning of the financial disclosure law. See CEO 74-1. Since there is no specific exclusion of this type of asset contained in s. 112.3145(1)(e), F. S., as created by Ch. 74-177, Laws of Florida, the stocks and bonds must be listed if the requisite minimum percentage of 15 percent of the value of your total assets is met. Each stock and bond should be reported by listing the type of financial investment made, that is, whether it is a stock or a bond, and the name and principal business address of the corporation in which the investment is held.