(a) A public servant required to file a Statement of Financial Interest shall report the source, date, description, and a reasonable estimate of the fair market value of each gift of more than:
- (1) One hundred dollars ($100) received by the public servant or his or her spouse; or
- (2) Two hundred fifty dollars ($250) received by his or her dependent children.
- (b) A public servant required to file a Statement of Financial Interest shall report the source, date, description, and a reasonable estimate of the fair market value of each monetary or other award of more than one hundred dollars ($100) received by the public servant in his or her capacity as an employee of a public school district, the Arkansas School for the Deaf and Blind, the Arkansas School for Mathematics, Sciences, and the Arts, a university, a college, a technical college, a technical institute, a comprehensive life-long learning center, or a community college in recognition of his or her contribution to education.