§ 2-16. "Financial interest".

"Financial interest" means ownership of:

(1) more than 3% of a business entity;

(2) securities of any kind that represent or are convertible into ownership of more than 3% of a business entity; or

(3) any interest as the result of which the owner:

(i) received more than $1,000 in any 1 of the preceding 3 calendar years; or

(ii) is entitled to receive more than $1,000 in the current or any subsequent calendar year.