Virginia's disclosure laws for the members of its General Assembly have received a failing grade from the Center for Public Integrity.
Virginia is among 20 of the 50 states that were given a failing grade after a 43-question survey that measures public access to information about legislators' employment, investments, personal finances and property holdings. The center defined a failing grade as a score of less than 60 points on the survey.
At 59.5, Virginia just barely failed, but its ranking was 31st among the 50 states.
Virginia's financial disclosure laws require the legislators to state their assets and liabilities, but only within a broad range. For example, a legislator must state whether he or she or a member of the immediate family owns securities valued between $10,001 and $50,000, $50,001 to $250,000, or more than $250,000.
The center said Idaho, Michigan and Vermont are in last place because no personal financial disclosure laws exist in those states.
-- Tyler Whitley
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