Legislative Ethics Committee

Box 75, L.a.B .

Albany, New York 12247
(518)432-7837/7838
GISLATIVE ETHICS
COMMITIEE
Annual statement of Financial Disclosure
For Calendar Year 2003

1 . Name
J os e ph L . Bru no

2. (a) Title of position New Yo rk State Se nato r , U3r d Dist rict

(b) Department, Agency or other Governmental Entity

New Yo r k Stat e Se na -e
Le g i s l a t i ve Of f i c e Bu il di ng ) Room 909
(c) Address of Present Office Al ba ny, Ne w Yo r k 122 47

(d) Office Telephone Number 518 -4 55- 319

3. (a) Mar r e d
Marital Status If married, 'please give
spouse's full name including maiden name where applicable.
Ba r b r a F. Brun o

(b) List the names of all unemancipated children.

- no ne -

INSTRUCTIONS

Answer each of the following questions completely, with respect to

calendar year 2003. unless another period or date is otherwise
specified. If additional space is needed, attach additional pages.

Whenever a "value" or "amount~ is required to be reported herein,

such value or amount shall be reported as being within one of the
f o l l o wi ng Categories: Category A - under $5,000; Category B -
$5,000 to under $20,000; Category C - $20,000 to under $60,000;
Category 0 - $60,000 to under $100,000; Category E - $100,000
to under $250,000; and Category P - $250,000 or over. A reporting
i n d i v i d u a l shall indicate the Category by letter only.

Whenever "income" is required to be reported herein, the term "income "

shall mean the aggregate net income before taxes (rom tbe source
identified .

The term "calendar year~ shall mean the year ending the December 31st
preceding the date or filing of the annu a l statement.

GOVERNMENT
EXHIBIT
L .E.C. Form 1 (3/99)
GVY-15 169
4. (a) List any off ice, trusteeship, d i, r ec t o r s h i p , partnership,
or position of any nature, whether compensated or not, held
by the reporting individual with any firm, corporation,
association, partnership, or other organization other than
the State of New York. Include compensated honorary
positions; do NOT list membership or uncompensated honorary
positions. If the listed entity was licensed by any state
or local agency, was regulat.ed by any state regula tory
agency or local agency, or, as a regular and signif icant.
part of the bus iness or act i vi ty of said enti ty, did
business with, or had matters other than ministerial matters
before, any state or local agency, list the name of any such
agency.
State or
Position Orga..ni z a t; ion Local Agency

Con ul t a n t Cap it al Bu si.n e s s Cons ultants , LLC none

Li mi t e d Part ne r Ra ci ne As s o c i a t e s none

(b) List any office, trusteeship, directorship, partnership,

or position of any nature, whether compensated or not, held
by the spouse or unemancipated child of the reporting
individual, ...... i th any firm, corporation, association.
partnership, or other organization other than the State of
New York. Include compensated honorary positions; do NOT
list membership or uncompensated honorary positions. If the
listed entity was licensed by any state or local agency, was
regulated by any state regulatory agency or local agency,
or, as a regular and significant part of the business or
activity of said entity, did business with, or had matters
other than ministerial matters before, any state or local
agency, list the name of any such agency.
Stat.e or
Position Organization Local Agency

- non

170
5. (a)List the name, address and de s c r i ption of any occupa-
tion, employment, (o t her than the e mp l o yme n t listed under
Item 2 a b o v e ) , trade, business or profession engaged in by
the reporting individual . If such activity was licensed by
any state or local agency, was regulated by any state
regula tory agency or local agency, or, as a regular and
significant part of the business or activity of said entity,
did business wit.h, or had matters other than ministerial
matters before, any state or local agency, list the name of
any such agency_
Name & Address Scate or
Position of Organization Description Local Agency

ee Att a c h rn e n " A"

(b) If the spouse or unemancipated child of the reporting

indi vidual was engaged in any occupa t ion, employment, trade,
business or profession which activity was licensed by any
state or local agency, was regulated by any state regulatory
agency or local agency, or, as a regular and significant
part of the business or activity of said entity, did
business with, or had matters other than ministerial matters
before, any state or local agency, list the name, address
and description of such occupation, employment, trade,
business or profession and the name of such agency.
Name & Address St.ate or
Position of Organi2ation Description Local Agency

- no n

6. List any interesL, in EXCESS of $1,000, held by the report-

ing individual, such individual's spouse or unemancipated
child, or partnership of which any such person is a member,
or corporation, 10% or more of the stock oE which is owned
or controlled by any such person, whether vested or contin-
gent, in any conLract made or executed by a state or local
agency and include the name of Lhe entity which holds such
interest and the relationship of the reporting individual
or such individual's spouse or such child to such entity

3
171
 Attachment "A"

Joseph L. Bruno

Ques tion 05

Name E. Add r e s s
State
Position of Organization' Descriprion or Local Agency

Senator New York State Senate legislative Branch of

LOB-909,Albany, NY New York State government

Director until First Grafton Corp _ Real Estate Development Town of Grafton
6/92, then turned 23 Hason Street Renssealer Count
over to a Trust Glens Falls, NY

Sole Proprietor Mountain View Farm Breeding & Raising

J4sBulson Road, Troy,NY Thoroughbred Horses none

Consultant C3pita: ~usiness Consultants, LLC

345 Bulson Rd .• Troy, NY consulting none
Consultant The Winthrop Corporation consulting none
1000 Lafayette Blvd .
Bridgeport, CT 06604

172
 and the interest in such contract. Do NOT include bonds and
notes . Do NOT list any interest in any such contract on
which final payment has been made and all obligations :under
the contract except for guarantees and warranties have been
performed, provided, however, that such an interest must be
listed if there has been an ongoing dispute during the
calendar year for which this statement is filed with
respect to any such guarantees or warranties. Do NOT list
any interest in a contract made or executed by a local
agency after public notice and pursuant to a process for
competitive bidding or a process for competitive requests
for proposals.
Entit.y Relat.ionship Contracting Category
Se lf, Which Held to Ent.ity Sta t e or of
Sp o use Interest in and Int.erest Local Value of
or Ch i ld Contract in Contract .b.gency Contract.

- none -

7. List any position the reporting individual held as an

officer of any political party or political organization, as
a member of any political party committee, or as a political
party district leader. The term "party" shall have the same
meaning as "party" in the election law _ The term "political
organization" means any party or independent body as defined
in the election law or any organization that is affiliated
with or a subsidiary of a party or independent body.

- no ne -

8. (a) If the reporting individual practices law, is licensed

by the department of state as a real estate broker or agent
or practices a profession licensed by the department of
education, give a general description of the principal
subj ect areas of matters undertaken by such individual.
Additionally, if such an individual practices with a firm or
corporation and is a partner or shareholder of the firm or
corporation, give a general description of principal subject
areas of matters undertaken by such firm or corporation. Do

173
 not li s t the name of the individual clients, customers or
patien ts.

none

(b) List the name, principal address and general description

or the nature of the business activity of any entity in
which the reporting 'individual or such individual's spouse
had an investment in excess of $l,OQO excluding investments
in securities and interests in real property.
- no ne -

9. List each source of gifts,· EXCLUDING campaign contributions,

in EXCESS of $1,000, received during the reporting period
for which this statement is filed by the reporting individu-
alar such individual's spouse or unemancipated child from
the same donor, EXCLUDING gifts from a relative. INCLUDE
the name and address of the donor. The term "gifts" does
not include reimbursements, which term is defined in item
10. Indicate the value and nature of each such gift.
Sel r . Cat.egory of
Spouse or Name of Nature Value of
Child Donor Address of Gift Gift

- no n e -

10. Identify and briefly describe the source of any reimburse-

ments for expenditures, EXCLUDING campaign expenditures and
expenditures in connection with official duties reimbursed
by the state, in EXCESS of $1,000 from each such source.
For purposes of this item, the term "reimbursements" shall

174
 mean any travel - r elated expens e s provided by nongovernmental
sources and for a c t i v i t i e s relat ed to the reporting individ-
ual's official duties such as, speaking engagements ,
conferences, or factfinding events. The term "reimburse-
ments" does NOT include gifts reported under it em 9.

Source Desc r i p t i on

Mich a e l Bloo mbe pg , Ro u n d- -r i p a i r t r a n s p o ~ t a ti o n t o

M::1 il' n r' , r j t if 0 f' N e 1, ' v 0 k
y , f a hn e- Hopk;i n C' M",d ic,ll r;e .. j-e r ,
B I ti mo r e , Mary la n d

11. List the identity and value, if reasonably ascertainable, of

each interest in a trust, estate or other beneficial
interest, including retirement plans other than retirement
plans of the state of New York or the city of New York, and
deferred compensation plans (e.g., 401. 403(b), 457, etc.)
established in accordance with the internal revenue code, in
which the REPORTING INDIVIDUAL held a beneficial interest in
EXCESS of $1,000 at any time during the preceding year. Do
NOT report interests in a trust, estate or other beneficia l
interest established by or for, or the estate of, a rela-
tive.
Cat.egory of
Ident.it.y Value*

Fir s t Gr a f t o n Co r p . Trust

HSBC I RA a c o u n t Ca t e g o r y A

NYS Def e r pe d Co mp en s a t i o n Plan Ca t e g o r y C

*Tbe value of such interest shall be reported only if reasonably ascertainable .

12. (a) Describe the terms of, and the parties to, any contract.
promise, or other agreement between the reporting individual
and any person, firm, or corpora tion wi th respect to the
employment of such individual after leaving office or
position (other than a leave of absence).

- n on e -

175
 (bl Des c r i b e t h e par t i es to and the t e r ms of an y ag ree me n t
providing f or continuation of payments or benefits t.o t.he
REPORTING I NDI VIDUAL in EXCESS of $1,000 from a p r i o r
employer OTHER THAN the State. (This inc l udes interes t s in
o r contribut.ions to a pension fund, pro f it -sharing plan, or
Li. fe or heal th insurance; buy-out agreements; severance
payment.s; etc.)
- no n

13. List below the nature and amount of any income in EXCESS of
$1,000 from EACH SOURCE for the report.ing individual and
such individual's spouse for the t.axable year last. occurring
prior to the dat.e of filing. Nature of income includes, but
is not. limit.ed t.o, all income (other t.han that. received from
the employment listed under Item 2 above) from compensated
employment. whet.her public or private, directorships and
other fiduciary pos i tions, cont.ractual arrangements,
teaching income, partnerships, honorariums, lecture fees,
consultant fees, bank and bond int.erest, dividends, income
derived from a trust., real est.at.e rents, and recognized
gains from the sale or exchange of real or other property.
Income from a business or profession and real est.ate rents
shall be reported with the source identified by the building
address in the case of real estate rents and otherwise by
the name of the entity and not by the name of t.he individual
customers, client.s or tenants, with the aggregate net income
before taxes for each building address or entity. The
receipt of maintenance received in connect.ion with a
matrimonial action, alimony and child support payments shall
not be listed.
Category
Self/ of
Spouse Source Nature Amount

e e At t a c h me n t "B II

7 176
 Att achment "B"

Joseph L. Bruno

Question 11 13

Category of
$e if/Spouse Source Nature Amount

L Self New York Scate Senate salary Cacegory E

2. Self The Winthrop Corporation salary Catego r y E

3. Self /Spouse 4ld Taylor Cou rt, Troy rent Category B

(, . Se lf Ca pi tal Busi ness Consultan t s , LLC c on s ul t ing fe es Ca te go ry E

177
14. List the sources of any deferred income (not retirement
income) in EXCESS of $1,000 from each source to be paid to
the reporting individual following the close of the calendar
year for which this disclosure statement is filed, other
than deferred compensation reported in item 11 hereinabove.
Deferred income derived from the practice of a profession
shall be listed in the aggregate and shall identify as the
source, the name of the firm, corporation, partnership or
associacion through which the income was derived, but shall
not identify individual clients.
Category of
Source Amoun t

- no n e -

15. List each assignment of income in EXCESS of $1,000, and each

transfer other than to a relative during the reporting
period for which this statement is filed for less than fair
consideration of an interest in a trust, estate or other
beneficial interest, securities or real property, by the
reporting individual, in excess of $1,000, which would
otherwise be required to be reported herein and is not or
has not been so reported.
Category
Item Assigned Assigned or of
or Transferred Transferred to Value

- n one -

16. List below the type and market value of securities held by
the reporting individual or such individual's spouse from
each issuing entity in EXCESS of $1,000 at the close of the
taxable year last occurring prior to the date of filing,
including the name of the issuing entity exclusive of
securities held by the reporting individual issued by a
professional corporation. Whenever an interest in securi-
ties exists through a beneficial interest in a trust, the
securities held in such trust shall be listed ONLY IF the
reporting individual has knowledge thereof except where the
reporting individual or the reporting individual's spouse

178
 has t r ans f e r r e d assets to su c h t ru s t for his or her ben e f i t
in whi c h event such securi ties shall be listed unle ss t h e y
are not ascertainable by the reporting individual becau s e
the trustee is under an obligation or has been instructed in
writing not to disclose the contents of the trust to
the reporting individual. Securities of which the reporting
individual or the reporting individual's spouse is the owner
of record but in which such individual or the reporting
individual's spouse has no beneficial interest shall not be
listed. Indicate percentage of ownership ONLY if the
reporting person or the reporting person's spouse holds more
than five percent (5%) of the stock of a corporation in
which the stock is publicly traded or more than ten percent
(10%) of the stock of a corporation in which the stock is
NOT publicly traded. Also list securities owned for
investment purposes by a corporation more than fifty percent
(50~) of the stock of which is owned or controlled by the
reporting individual or such individual's spouse. For the
purpose of this item the term "securities ll shall mean mutual
funds, bonds, mortgages, notes, obligations, warrants and
stocks of any class, investment interests in limited or
general partnerships and certificates of deposits (CDs) and
such other evidences of indebtedness and certificates of
interest as are usually referred to as securities. The
market value for such securities shall be reported only if
reasonably ascertainable and shall not be reported if the
security is an interest in a general partnership that was
listed in item 8(a) or if the security is corporate stock,
NOT publicly traded, in a trade or business of a reporting
individual or a reporting individual's spouse.
Percentage
of corporate
stock owned Category of
or controlled Market Value
(if more than as of the
5~ of publicly close of the
traded stock, taxable year
or more than last occur-
10% of stock ring prior to
not publicly the filing
Self/ Issuing Type of traded, is of this
Spouse Entity Security held) statement

See At t a c hme n t "err

17. List below the location, size I general nature, acquisi tion
date, market value and percentage of ownership of any real
property in which any vested or contingent interest in EXCESS
of $1,000 is held by the reporting individual or the re-
porting individual's spouse. Also list real property owned
for investment purposes by a corporation more than fifty
percent (50%) of the stock of which is owned or controlled by

9 179
 Att a c hmen t It ell

Jose ph L. Br uno

Ques t i on iJl6

Cat e gory P r ce n t age of

Ty pe of o r ~1 a rk et Cor po r at e to e
Se lf / Spous c Issu i ng Ent i ty Se c u r i t y Value 0\ ed (etc.)

l. Se lf Fir st Gra f ton Corp . S to c k I n Tr u st , 25%

Tru st un known

2. Sp use Exxon Corp. Stock Category A unknown

3. Spouse American Electric Stock Category A. unknown

Power: Co. Inc.

4. Spou s e Gen er a l flee t r Lc Stock Categor.y A unkn own

5. Self Fidelity Inve s t ments Stock Category C unknown

6. Se lf Vanguard Gr:oup Stock Category C unknown

7. Se lf Dreyfes Funds Stock Category C unknot.Jo

8. Se lf Mechanical Technologies Stock Category A unk nown

9. Self Plug Power Inc. Stock Category A unknown

10. Self Cent r um I nd s INc. Stock Category A unknown

11. Se lf Interliant Stock Category A unk.nown

12. Self Vytek Wireless Inc. Srock Category A unknown

180
 he r e p orting indiv i dual or s u ch i n d i v i d ua l ' s spouse . Do NOT
li s t any real pro p e r ty whic h i s the primary or secondary
personal residenc e of the reporting individual o r the
reporting individual's spouse, except where there is a co-
owner who is other than a relative.

S e lf / Percent-
S pouse Ac qu i - ag e of Ca t e gory
Corpor - Ge n e r a l siti o n Owner- of l.lJarket
a t i on Location size Nature Dat e ship value

Se e A t t.ac brne n , II pll

18 . List below all notes and accounts receivable, other than from
goods or services sold, held by the reporting individual at
the close of the taxable year last occurring prior to the
date of filing and other debts owed to such individual at the
close of the taxable year last occurring prior to the date of
filing, in EXCESS of $1,000, including the name of the
debtor, type of obligation, date due and the nature of the
collateral securing payment of each, if any, excluding
securities reported in item 16 hereinabove. Debts, notes and
accounts receivable owed to the individual by a relative
shall not be reported.
Type of Obligation, Category
Date Due, and Nature of
Name of Debtor of Collateral , if any Amount

- none -

19. List below all liabilities of the reporting individual and

such individual's spouse, in EXCESS of $5,000 as of the date
of filing of this statement, other than liabilities to a
relative. Do NOT list liabilities incurred by, or guarantees
made by, the reporting individual or such individual's spouse
or by any proprietorship, partnership or corporation in which
the reporting individual or such individual's spouse has an

10 181
 N
CO
~

At t a c hment "0"

Jo se p h L. Bruno

Question Ill7

Cate80ry of Percentage
General Aquiation Market of
Sel f/ Spouse Location Size Nature Date Value Ownership

i , Self ,.spouse 44) Taylor Court duplex 12/84 Category D 1007.

Troy, New York 12180

2. Se if ppouse 9l, Bulson Road Single 6/89 Categroy 0 1007.

Troy, Ne . . ' York 12180 family home

) . Self/Spouse 337 Bulson Road Single 2/97 Category E 10070

lroy, New York 12180 family home
 interest, when incurred o r ma d e i n the ordinary course o f t he
trade, business or prof e ss iona l practice of the report ing
individual or such individual 's spouse. Include the name of
the creditor and any collateral pledged by such individual to
secure payment of any such liability. A reporting individual
shall not list any obligation to pay maintenance in connection
with a matrimonial action, alimony or child support payments.
Any loan issued in the ordinary course of business by a
financial institution to finance educational costs, the cost
of home purchase or improvements for a primary or secondary
residence, or purchase of a personally owned motor vehicle,
household furniture or appliances shall be excluded. If any
such reportable liability has been guaranteed by any third
person, list the liability and name the guarantor.
Category
Name of creditor Type of Liability of
or GUClrantor and Collateral, if any Amount
Tr oy a vi ngs Ba n k Mo r t ga ge , 443 Ta yl o r Ct. Ca t eg or y D
Tl'o y , NY 1 21 8 0

requirements of law relating to the reporting of the financial

· ~' he
interests are in the public interest and no adverse inference of
unethical or illegal conduct or behavior will be drawn merely from
compliance with these requirements.

f'fJa y 17) 2 0 0 Ll
Individual) Date (month/day/year)

11 183