Tennessee § 8-50-506 - Preferred service employees — Financial disclosure.

§ 8-50-506. Preferred service employees — Financial disclosure.

No employee in the preferred service under chapter 30 of this title, shall be required by the appointing authority to submit a disclosure statement or any financial disclosure statement, unless such employee or a member of the employee's immediate family has a financial interest with a value of more than five thousand dollars ($5,000) which would constitute a conflict of interest or a potential conflict of interest under state law or the department of human resources' policy or other departmental policy. Notwithstanding subsection (a) to the contrary, the appointing authority shall require any employee or person whose duties are to regulate, inspect, audit or procure goods or services or to administer tax laws to disclose the employee's or a member of the employee's immediate family's financial interests that would constitute a conflict of interest or a potential conflict of interest under state law or the department of human resources' policy or other departmental policy. Disclosures are required for individuals who have authority over these persons or these functions. Disclosure to the immediate supervisor is required at the time an assignment is received which could result in a conflict. The immediate supervisor would then determine if a conflict exists which warrants reassignment of that task to another employee. The appointing authority has responsibility for clearly communicating these provisions in writing to agency employees upon hiring and annually thereafter. Acts 1997, ch. 496, § 1; 2007, ch. 59, §§ 1, 2; 2012, ch. 800, § 49. Compiler's Notes. Pursuant to Acts 2007, ch. 60, references to the department of personnel were changed to the department of human resources, effective April 24, 2007. Acts 2012, ch. 800, § 1 provided that the act, which amended subsection (a), shall be known and cited as the “Tennessee Excellence, Accountability, and Management (T.E.A.M.) Act of 2012.” Rule Reference. This section is referred to in Rule 34 of the Rules of the Supreme Court of Tennessee.