Senate Bill 401 Printer's Number 348
PENNSYLVANIA, March 10 - of financial interests).]
* * *
"Commercial loan made in the ordinary course of business." A
loan from a bank or other financial institution on terms
generally available to the public.
* * *
"Gift." [As defined in section 13A03 (relating to
definitions).] Money, virtual currency or a thing of value
received, other than income, for which a consideration of equal
or greater value is not received. The term shall not include the
following:
(1) A gift from a person other than a principal or
lobbyist that is valued at $50 or less. Gifts under this
paragraph shall be limited to $250 annually.
(2) A political contribution reported in accordance with
law.
(3) A gift from a parent, sibling, spouse, child,
stepchild, stepparent, stepsibling, grandparent, grandchild,
parent-in-law , sibling-in-law or other close relative when
the circumstances make it clear that the motivation for the
action was a personal or family relationship, including an
invitation to attend a personal or family social event.
(4) A devise, bequest, intestate estate distribution or
principal distribution of a trust.
(5) A gift available to the public or offered to members
of a group or class in which membership is not related to
being a public official or public employee.
(6) An award or prize given to competitors in any
contest or event open to the public, including a random
drawing.
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