When to Declare Assets

PART X: DECLARATION AND REGISTRATION OF PERSONAL INTERESTS, ASSETS AND PERFORMANCE/FINANCIAL BONDS

10.1 Declaration of Assets and Performance Bonds

Every Public Official and Employee of Government involved in making decisions affecting contracting, tendering or procurement, and issuance of licenses of various types shall sign performance or financial bonds and shall in addition declare his or her income, assets and liabilities prior to taking office and thereafter:

a. At the end of every three years;

b. On promotion or progression from one level to another;

c. Upon transfer to another public office; and

d. Upon retirement or resignation.