Disclosure of Pecuniary Interest Form
Disclosure of a Pecuniary Interest Guidelines
Legislation: The Municipal Conflict of lnterest Act sets out the provisions of pecuniary interest. Understanding these provisions allows Council members to perform their public duties in compliance with legislation.
Pecuniary Interest: Members must disclose a direct or indirect pecuniary interest in mattersthat are before Council for consideration. Although not defined in the Act, the dictionary defines pecuniary as "relating to money". The direct interest relates to the private members interest (directly profiting or losing money), while indirect interests are public. For example a Councillor employed by the province indirectly has interest in the province (a public interest). Pecuniary interest of a spouse, child or parent of a member is also deemed to be an interest.
Procedures for Disclosure: lf a matter comes before Council that a member believes he or she has a pecuniary interest in, there are clear procedures to follow. The member should:
These procedures apply to all regular and special meetings of Council.
Vote lmplications: When pecuniary interest has been declared, the member of Council making the declaration must refrain from voting. Quorum is then established with the remaining members.For example: ln a five member Council, if one member of Council declares a pecuniary interest then quorum is establish with the remaining four members.Note: lndirect Interest (Section 2 of MCIA / Direct lnterest (Section 3 of the MCIA) www.ontario.ca/laws
Please complete and submit to the Clerk on the same day the pecuniary interest is being declared
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