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CvSU MANUAL OF OPERATIONS
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Rule VII. Public Disclosure
Section 1. Every official and employee, except those who serve in an official
honorary capacity, without service credit or pay, temporary laborers and
casual or temporary and contractual workers, shall file under oath their
statement of assets, liabilities and net worth, and a disclosure of
business interests and financial connections including those of their
spouses and unmarried children under 18 years of age living in their
households, in the prescribed form.
a) Contents of Statement
1. The Statement of Assets and Liabilities and Net Worth shall contain
information on the following:
1.1 Real property, its improvements, acquisition costs, assessed
value and current fair market value.
1.2 Personal property and acquisition cost.
1.3 All other assets such as investments, cash on hand or in banks,
stacks, bonds and the like.
1.4 All financial liabilities, both current and long-term.
2. The Disclosure of Business Interest and Financial Connections shall
contain information on any existing interest in, or any existing
connections with, any business enterprises or entities, whether a
proprietor, investor, promoter, partner, shareholder, officer, managing
director, executive, creditor, lawyer, legal consultant or advised,
financial or business consultant, accountant, auditor and the like, the
names and addresses of the business enterprises or entities, the dates
when such interest or connections were established, and such other
details as will show the nature of the interests or connections.
b) When to File
The above documents under the code must be filed:
1. within 30 days after assumption of office, statements of which
must be reckoned as of his first day of service.
2. on or before April 20 of every year thereafter, statements of which
must be reckoned as of the end of the preceding year.
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