- A. “Business interest” means any direct or indirect financial interest or financial obligation of $10,000 or more such as an owner, member, partner, lessor, investor, or shareholder in a business or where the filer is at risk of losing $10,000 or more.
- B. “Consulting” means giving expert advice in professional, technical, financial, legal, and business matters.
- C. “Employer” means a person or organization that hires and pays another person in exchange for work.
- D. “External complaint” means a complaint filed by a person and not instituted by either the secretary of state or the state ethics commission.
- E. “Filer” means the person obligated to file a financial disclosure statement.
- F. “Financial disclosure statement (FDS)” means the pdf form prescribed by the secretary of state that is generated upon a filer filing a report in the electronic system provided by the secretary of state.
- G. “Income” means money that a person receives in exchange for working, producing a product or service, or investing capital. For purposes of financial disclosure statements, per diem is considered income when it is deemed taxable by the Internal Revenue Service.
- H. “Income source” means the broad categories as described pursuant Paragraph (2) of Subsection D of Section 10-16A-3 NMSA 1978.
- I. “Internal compliance violation” means a violation of the Financial Disclosure Act identified by the secretary of state or the state ethics commission based on incomplete, misleading, false, or incorrect financial disclosure statement.
- J. “Major areas of specialization” means the areas of law or consulting for which a person concentrates to earn an income.
- K. “State agency head” means the principal officer of any executive or legislative agency receiving an annual appropriation in either Section 4 of the General Appropriations Act or an annual appropriations bill appropriating funds to legislative agencies.
- L. “Title” means the name given to a position of employment by an employer.
- M. “Professional license” means an official process, administered by a state-level authority, that is required by law for an individual to practice or work in a regulated profession.
- N. “Voluntary compliance” means a filer’s correction of all violations alleged in a complaint or a notification from the secretary of state or the state ethics commission of an internal compliance violation.
[1.10.31.7 NMAC - N, 1/1/2022]