A candidate for Lieutenant Governor failed to disclose a financial interest he holds in a $725,000 Frankfort apartment complex in a mandatory disclosure form filed with two state agencies.
State Sen. Daniel Mongiardo said he is a "passive investor in the apartments." Mongiardo is running on a ticket with former Lieutenant Governor Steve Beshear.
Mongiardo sent a letter on March 24, 2007, to the Kentucky Legislative Ethics Commission amending his earlier filing.
Mongiardo acknowledged owning enough of the apartment complex to require reporting it under state law, but said that he had received no income from his apartment-owner partnership over the past five or six years.
State ethics statutes require legislators, along with some top state officials and candidates, to publicly report some personal financial information, including, sources of income, some business investments and real estate in which they have interests of more than $10,000.
Failing to comply with the regulations could lead to fines or a misdemeanor charge.
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