Why is Form 700 so important?

The Political Reform Act of 1974 (Act) states, Assets, and income of public officials which may be materially affected by their official actions should be disclosed and in appropriate circumstances, the officials should be disqualified from acting in order that conflicts of interest may be avoided. The Act further states, Public officials, whether elected or appointed, should perform their duties in an impartial manner, free from bias caused by their own financial interests or the financial interest of persons who have supported them.

The Form 700 alerts public officials about their own economic interests and potential areas of conflict in relation to their duties and provides information to members of the public who may monitor official actions for any conflicts.

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1. Why is Form 700 so important?
2. Who must file a Form 700?
3. When do you file a Form 700?
4. Where do you file Form 700s?