N.Y. Comp. Codes R. & Regs. tit. 6 § 200.8

Current through Register Vol. 46, No. 45, November 2, 2024

Section 200.8 - Conflict of interest

(a) The commissioner or his designees who have the designated authority to approve either permits and certificates issued pursuant to 6 NYCRR Part 201, or the issuance of an order pursuant to section 19 of the ECL, shall disclose prior to any such approval of issuance any significant portion of income, directly or indirectly received from persons who may be a recipient of such a permit, certificate or order.

(b) For the purposes of this section:

(1)A significant portion of income shall mean 10 percent or more of gross personal income for a calendar year; or if the recipient is 60 years or over, a significant portion of income shall mean 50 percent of gross personal income for a calendar year if such income is received pursuant to an established fixed pension or retirement program.

(2)Income shall include retirement benefits, consultant fees and dividends.

(3) Income is not received directly or indirectly where it is derived from mutual fund payments or other diversified investments where the identity of the primary source of income is not known to the recipient.

N.Y. Comp. Codes R. & Regs. Tit. 6 § 200.8

Amended New York State Register December 2, 2015/Volume XXXVII, Issue 48, eff. 12/12/2015

Amended New York State Register November 27, 2019/Volume XLI, Issue 48, eff. 12/7/2019

Amended New York State Register March 4, 2020/Volume XLII, Issue 09, eff. 3/14/2020

Amended New York State Register March 18, 2020/Volume XLII, Issue 11, eff. 4/2/2020