(a)

1. (1) Every board member, public and charter school superintendent, or executive director of a public school or educational cooperative shall timely file a financial statement of interest as required by Arkansas Code § 21-8-701 et seq.
2. (2) The financial statement of interest and instructions for completing and filing the financial statement of interest can be found on the website of the Arkansas Ethics Commission, http://www.arkansasethics.com/.

(b) Any person required to file a financial statement of interest as required under Arkansas law who fails to file said financial statement of interest:

1. (1) Shall be in violation of the provisions of this part; and
2. (2) May be subject to the sanctions and penalties provided for in 6 CAR § 238-116.