Modifies the requirements for financial disclosures for certain state and legislative officials, officers and employees

This bill modifies the financial disclosure requirements for state and legislative officials, officers, and employees who work as lawyers, real estate brokers, or lobbyists. It updates the rules for reporting clients and services based on when the work was performed, lowering the monetary thresholds for disclosing state contracts and grants from $50,000 and $25,000 respectively to $10,000 for matters occurring after December 31, 2015. The legislation also mandates that individuals describe the specific matters and services provided to clients for whom they earned more than $10,000, while continuing to exclude certain sensitive categories such as medical services, bankruptcy cases, and domestic relations matters. These changes aim to increase transparency regarding the financial interests of public officials by requiring more detailed and frequent reporting of their professional activities.