68. Are elected officials required to submit reports regarding their finances?

Art. 12. "A public office holder shallsubmit: 1. a declaration of incompatibility within the meaning given by Article 5 herein; 2. a declaration of private interests; the said declaration shall be completed in a standard form according to the Annex hereto; 3. a declaration of occurrence of a change in the circumstances referred to in Item 1 or 2; 4. a declaration of a private interest on a particular occasion.

Art. 13. (1) A public office holder shall submit the declaration referred to in Item 1 of Article 12 herein within seven days after the election or appointment thereof. (2) Where the person has declared the existence of incompatibility, the said person shall be obligated to take the actions necessary for elimination of the incompatibility within one month after submission of the declaration referred to in Paragraph (1). (3) The provisions of Paragraphs (1) and (2) shall apply save insofar as otherwise provided for in a special law.

Art. 14. (1) A public office holder shall submit the declaration referred to in Item 2 of Article 12 herein within thirty days after the election or appointment thereof. In the said declaration, the person shall state the circumstances which would lead to the occurrence of a conflict of interest, such as: 1. participation in commercial corporations, in management or supervisory bodies of not-for-profit legal entities or of co-operatives, as well as carrying on business as a sole trader at the date of election or appointment and twelve months prior to the date of election or appointment; 2. obligations assumed to credit or financial institutions, as well as to other persons, to a value exceeding BGN 5,000; the person shall state the amount and type of the obligation assumed and the creditor thereof; 3. contracts with any persons who or which carry out any activity in areas related to the decisions made by the public office holder within the range of the official powers or duties thereof; 4. particulars of any persons having close links with the public office holder, in whose activity the public office holder has a private interest; particulars of any persons having close links. (2) The person referred to in Paragraph (1) may alter the circumstances declared within one month after submission of the declaration referred to in Paragraph (1) where deficiencies or errors have to be cured. (3) Upon change of the position occupied by a person who remains an obligated person under Article 3 herein, a declaration referred to in Paragraph (1) shall not be submitted.

Art. 15. A public office holder shall submit the declaration referred to in Item 3 of Article 12 herein within seven days after occurrence of the change, unless otherwise provided for in a special law.

Art. 16. (1) A public office holder shall submit the declaration referred to in Item 4 of Article 12 herein where the said office holder has a private interest in connection with an official power or duty thereof. (2) The declaration referred to in Paragraph (1) shall be submitted prior to the commencement or during the execution of the official power or duty.

Art. 17. (1) The public office holder shall submit the declarations referred to in Article 12 herein to the electing or appointing authority or, applicable to a person referred to in Items 1 and 3 of Article 25 (2) herein, to the relevant committee. (2) The declarations shall be published on the Internet sites of the authorities referred to in Paragraph (1) in compliance with the Personal Data Protection Act.

Art. 18. (1) The electing or appointing authorities, as well as the relevant committee referred to in Items 1 and 3 of Article 25 (2) herein, shall maintain registers of the declarations covered under Article 12 herein. (2) The declarations shall be kept for ten years, whereafter they shall be destroyed by a commission designated by the relevant authority."

Source: Articles 12 - 18, The Conflict of Interest Prevention and Ascertainment Act, 2005