DRAFT

Virginia Conflict of Interest and Ethics Advisory Council

GENERAL ASSEMBLY STATEMENT OF ECONOMIC INTERESTS

NAME: William R. DeSteph, Jr.
OFFICE OR POSITION
HELD OR SOUGHT:
SENATE
DISTRICT NO.
8
ARE YOU FILING THIS FORM AS A CANDIDATE FOR ELECTION TO THIS OFFICE?
[ ] Yes [X] No
BUSINESS ADDRESS: STREET
588 CENTRAL DR
TELEPHONE:
CITY
VIRGINIA BEACH
STATE
VA
ZIP
23454
OFFICE
757-321-8180
HOME
REDACTED
EMAIL ADDRESS: REDACTED
FIRST AND LAST NAMES OF MEMBERS OF IMMEDIATE FAMILY: Michael DeSteph, Jennifer DeSteph

I certify that I completed ethics training as required by § 30-129.1. [X] Yes [ ] No

Pursuant to § 30-129.1, although there is no penalty for your failure to attend the full or refresher orientation session, attendance is mandatory under the Code and you must disclose your attendance on this form.

This Statement of Economic Interests will be available to the public via the searchable database on the Virgina Conflict of Interest and Ethics Advisory Council website, as required by § 30-356.

REPORT TO THE BEST OF INFORMATION AND BELIEF Information required on this Statement must be provided on the basis of the best knowledge, information, and belief of the individual filing the Statement as of the date of this report.

AFFIRMATION

In accordance with the rules of the house in which I [shall] serve, if I receive a request that this disclosure statement be corrected, augmented, or revised in any respect, I hereby pledge that I shall respond promptly to the request. I understand that if a determination is made that the statement is insufficient, I will satisfy such request or be subjected to disciplinary action of my house.

I swear or affirm that the information provided on this statement is full, true, and correct to the best of my knowledge.

William R. DeSteph, Jr. (Electronically Signed: 1/17/2017 8:46:03 AM)   1/17/2017 8:46:03 AM
Signature of Member/Member-elect/Candidate   Date
Any legislator who knowingly and intentionally makes a false statement of a material fact on the Statement of Economic Interests is guilty of a Class 5 felony and shall be subject to disciplinary action for such violations by the house in which the legislator sits.

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General Assembly Statement of Economic Interests

SCHEDULE A

OFFICES, DIRECTORSHIPS, AND EMPLOYMENT

NAME: William R. DeSteph, Jr.

QUESTIONS:

1. Do you or a member of your immediate family receive remuneration, benefits, or compensation for service as an officer or director of a business?

Yes [X]
No [ ]
If yes, complete the table for each such business.

2. Do you or a member of your immediate family receive salary or wages in excess of $5,000 annually from any employer? DO NOT INCLUDE salary received as a member of the General Assembly pursuant to § 30-19.11.

Yes [X]
No [ ]
If yes, complete the table for each such employer.

INSTRUCTIONS:

Disclose each:

NAME OF BUSINESS OR EMPLOYER LOCATION OF BUSINESS OR EMPLOYER (CITY OR COUNTY, AND STATE) POSITION HELD BY WHOM OFFICE OR DIRECTORSHIP OR EMPLOYMENT
DeSteph Enterprises & Family of Co's Virginia Beach, Virginia Owner Self OFFICE OR DIRECTORSHIP
Bay Breeze Development Family of Co's Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Ocean Family of Co's Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Shipping Family of Co's Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
BRB Family of Co's Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Ashby's Bridge Family of Co's Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Coral Development Family of Co's Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Maltby Ave Family of Co's Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Cilou Family of Co's Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
LaShaw Family of Co's Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Bill DeSteph Family of Co's Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Quality Court Partners Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
B&B VB Properties Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Central Drive Investment Partners 1 Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Central Drive Investment Partners 2 Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Taylor Storage Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
Enclave at Dam Neck Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP
WRD Investments Virginia Beach, Virginia Managing Director Self OFFICE OR DIRECTORSHIP

DRAFT

General Assembly Statement of Economic Interests

SCHEDULE B

PERSONAL DEBTS

NAME: William R. DeSteph, Jr.

QUESTIONS:

1. Do you owe more than $5,000 to any one creditor, including any contingent debt to any one creditor?

DO NOT INCLUDE any debt owed to any government or any loan secured by a recorded lien on property if such lien is at least equal to the value of the loan.

Yes [X]
No [ ]
If yes, complete Table(s) 1A, 1B and/or 1C.

2. Does a member of your immediate family owe more than $5,000 to any one creditor, including any contingent debt to any one creditor?

DO NOT INCLUDE any debt owed to any government or any loan secured by a recorded lien on property if such lien is at least equal to the value of the loan.

Yes [X]
No [ ]
If yes, complete Table(s) 2A, 2B and/or 2C.

TABLES 1A, 1B, and 1C

INSTRUCTIONS:

Disclose personal debts, including contingent debts, owed by you to each category of creditor by selecting the appropriate category listed in TABLE 1A. To calculate the amount of personal debt to disclose for each category of creditor, include all debts owed to creditors within each category, but DO NOT INCLUDE any debt owed to any one creditor in an amount of $5,000 or less.

If you owe a personal debt to a business creditor that is not included in any category of creditor listed in TABLE 1A, disclose such debt in TABLE 1B. List the name of the business creditor and its principal business activity.

If you owe a personal debt to an individual creditor, disclose such debt in TABLE 1C. Identify the name of the individual creditor and his principal business or occupation.

If you owe a personal debt jointly with another person who is not a member of your immediate family, disclose only your share of the debt.

If you owe a personal debt jointly with a member of your immediate family, disclose any such debt in TABLE 1A, 1B, or 1C, as appropriate, as if you are solely liable for the total amount of the debt, and DO NOT DISLCOSE such debt in TABLE 2A, 2B, or 2C.

DO NOT REPORT:

My personal debts are as follows:

Table 1A. Creditor Categories:
SELECT APPROPRIATE CATEGORIES AMOUNT OF PERSONAL DEBT
MORE THAN $50,000
Not Applicable
Not Applicable
Not Applicable
MORE THAN $50,000
Table 1B. Other Business Creditors:
NAME OF CREDITOR CREDITOR'S PRINCIPAL BUSINESS ACTIVITY AMOUNT OF PERSONAL DEBT
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Table 1C. Individual Creditors:
NAME OF CREDITOR CREDITOR'S PRINCIPAL BUSINESS OR OCCUPATION AMOUNT OF PERSONAL DEBT
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable

TABLES 2A, 2B, and 2C

INSTRUCTIONS:

Disclose personal debts, including contingent debts, owed by a member of your immediate family to each category of creditor by selecting the appropriate category listed in TABLE 2A. To calculate the amount of personal debt to disclose for each category of creditor, include all debts owed to creditors within each category, but DO NOT INCLUDE any debt owed to any one creditor in an amount of $5,000 or less.

If a member of your immediate family owes a personal debt to a business creditor that is not included in any category of creditor listed in TABLE 2A, disclose such debt in TABLE 2B. List the name of the business creditor and its principal business activity.

If a member of your immediate family owes a personal debt to an individual creditor, disclose such debt in TABLE 2C. Identify the name of the individual creditor and his principal business or occupation.

If a member of your immediate family owes a personal debt jointly with another person not yourself who is not a member of your immediate family, disclose only his share of the debt.

If you owe a personal debt jointly with a member of your immediate family, report any such debt in TABLE 1A, 1B, or 1C, as appropriate, as if you are solely liable for the total amount of the debt, and DO NOT DISCLOSE such debt in TABLE 2A, 2B, or 2C.

DO NOT REPORT:

The personal debts of members of my immediate family are as follows:

Table 2A. Creditor Categories:
SELECT APPROPRIATE CATEGORIES AMOUNT OF PERSONAL DEBT
MORE THAN $50,000
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Table 2B. Other Business Creditors:
NAME OF CREDITOR CREDITOR'S PRINCIPAL BUSINESS ACTIVITY AMOUNT OF PERSONAL DEBT
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Table 2C. Individual Creditors:
NAME OF CREDITOR CREDITOR'S PRINCIPAL BUSINESS OR OCCUPATION AMOUNT OF PERSONAL DEBT
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable

DRAFT

General Assembly Statement of Economic Interests

SCHEDULE C

SECURITIES

NAME: William R. DeSteph, Jr.

QUESTION:

Do you or a member of your immediate family, separately or together, own securities valued in excess of $5,000 invested in one business or Virginia governmental entity?

INCLUDE securities held in (i) trusts; (ii) individual retirement arrangements (IRAs); (iii) defined contribution plans, including plans established in accordance with sections 401, 403, or 457 of the Internal Revenue Code; and (iv) any other type of investment account.

INCLUDE securities not held in your name or the name of a member of your immediate family if you or a member of your immediate family retains the right to control such securities or the right to receive the income from such securities.

Yes [X]
No [ ]
If yes, complete the table for each such security.

INSTRUCTIONS:

Disclose each business or Virginia governmental entity in which you or a member of your immediate family, separately or together, own securities valued in excess of $5,000.

INCLUDE securities held in (i) trusts; (ii) individual retirement arrangements (IRAs); (iii) defined contribution plans, including plans established in accordance with sections 401, 403, or 457 of the Internal Revenue Code; and (iv) any other type of investment account.

INCLUDE securities not held in your name or the name of a member of your immediate family if you or a member of your immediate family retains the right to control such securities or the right to receive the income from such securities.

“Securities" INCLUDES:
  • Stocks
  • Bonds
  • Mutual funds
  • Limited partnerships
  • Commodity futures contracts
“Securities" EXCLUDES:
  • Defined benefit plans, including pension plans
  • Certificates of deposit
  • Money market funds
  • Annuity contracts
  • Insurance policies
  • Securities issued by the U.S. government or other government securities not issued by the Commonwealth or its political subdivisions.

DRAFT

List the issuer and type of each security. List separately each security held in an IRA, defined contribution plan, or other type of investment account, if such security is valued in excess of $5,000.

For defined contribution plans administered by the Commonwealth or its political subdivisions, list the administering agency as the issuer of the security, unless the security is held in a self-directed brokerage account, in which case list the issuer of the security.

NAME OF ISSUER OF SECURITY TYPE OF SECURITY (STOCKS, BONDS, MUTUAL FUNDS, IRA, ETC.) VALUE OF SECURITY
Dominion Resources Financial Instruments MORE THAN $250,000
Fitness Anywhere Financial Instruments MORE THAN $250,000
NFCU Cash MORE THAN $250,000
IBM Financial Instruments MORE THAN $250,000
UBS Financial Instruments MORE THAN $250,000
Merrill Lynch Financial Instruments MORE THAN $250,000
Goldman Financial Instruments MORE THAN $250,000
DeSteph Enterprises & Family of Co's Financial Instruments MORE THAN $250,000
Bay Breeze & Family of Co's Financial Instruments MORE THAN $250,000
Ocean Family of Co's Financial Instruments MORE THAN $250,000
Shipping Family of Co's Financial Instruments MORE THAN $250,000
Coral Family of Co's Financial Instruments MORE THAN $250,000
Ashby's Family of Co's Financial Instruments MORE THAN $250,000
Cilou Family of Co's Financial Instruments MORE THAN $250,000
Harbor Group Financial Instruments MORE THAN $250,000
Breeden Family of Co's Financial Instruments MORE THAN $250,000
LaShaw Family of Co's Financial Instruments MORE THAN $250,000
Maltby Ave Family of Co's Financial Instruments MORE THAN $250,000
BRB Family of Co's Financial Instruments MORE THAN $250,000
Bill DeSteph Family of Co's Financial Instruments MORE THAN $250,000
Quality Court Family of Co's Financial Instruments MORE THAN $250,000
B&B VB Properties Financial Instruments MORE THAN $250,000
WRD Investments Financial Instruments MORE THAN $250,000
Enclave at Dam Neck Financial Instruments MORE THAN $250,000
Central Drive Investment Partners 1 Financial Instruments MORE THAN $250,000
Central Drive Investment Partners 2 Financial Instruments MORE THAN $250,000
Taylor Road Storage Financial Instruments MORE THAN $250,000

DRAFT

General Assembly Statement of Economic Interests

SCHEDULE D

BUSINESS INTERESTS AND RENTAL PROPERTY

NAME: William R. DeSteph, Jr.

QUESTIONS:

1. Do you or a member of your immediate family own, separately or together, a business that has a value in excess of $5,000?

OR

Do you or a member of your immediate family, separately or together, have an interest in a business and the interest owned by you or a member of your immediate family has a value in excess of $5,000? DO NOT INCLUDE any securities disclosed on Schedule C.

Yes [X]
No [ ]
If yes, complete Table 1.

2. Do you or a member of your immediate family own, separately or together, a rental property that has a value in excess of $5,000?

OR

Do you or a member of your immediate family, separately or together, have an interest in a rental property and the interest owned by you or a member of your immediate family has a value in excess of $5,000?

Yes [X]
No [ ]
If yes, complete Table 2.

Table 1: Business Interests

INSTRUCTIONS:

Disclose each business owned by you or a member of your immediate family with a value in excess of $5,000 and each interest in a business owned by you or a member of your immediate family with a value in excess of $5,000. DO NOT REPORT any securities disclosed on Schedule C.

If the business is owned or operated under a trade, partnership, or corporate name, list that name. If the business is not owned or operated under a trade, partnership, or corporate name, describe the nature of the business.

NAME OF BUSINESS OR NATURE OF BUSINESS LOCATION OF BUSINESS (CITY OR COUNTY, STATE, AND COUNTRY) GROSS INCOME
Bay Living Homes VIRGINIA BEACH MORE THAN $250,000

Table 2: Rental Property

INSTRUCTIONS:

Disclose each rental property owned by you or a member of your immediate family with a value in excess of $5,000 and each interest in rental property owned by you or a member of your immediate family with a value in excess of $5,000.

List each rental property individually.

If the rental property is owned or recorded under a trade, partnership, or corporate name, list that name. DO NOT LIST the street address for any rental property. No address will be redacted from this table.

NAME IN WHICH RENTAL PROPERTY IS OWNED OR RECORDED LOCATION OF RENTAL PROPERTY (CITY OR COUNTY, STATE, AND COUNTRY) TYPE OF RENTAL PROPERTY (RESIDENTIAL, COMMERCIAL, ETC.) GROSS INCOME
Bay Living Homes VIRGINIA BEACH Residential MORE THAN $250,000
Bay Living Homes VIRGINIA BEACH Residential MORE THAN $250,000

DRAFT

General Assembly Statement of Economic Interests

SCHEDULE E

REAL ESTATE

NAME: William R. DeSteph, Jr.

QUESTION:

Do you or a member of your immediate family, separately or together, hold an interest valued at more than $5,000 in real property? DO NOT INCLUDE your principal residence or any real estate disclosed on Schedule D. INCLUDE real estate held in trust.

Yes [X]
No [ ]
If yes, complete the table below.

INSTRUCTIONS:

Disclose all real estate in which you or a member of your immediate family holds an interest valued at more than $5,000. List each parcel individually. INCLUDE real estate held in trust.

DO NOT REPORT:

List only the city or county, state, and country where each real estate is located. DO NOT LIST any street addresses. No addresses will be redacted from this schedule.

List the name or names in which the real estate is owned or recorded. If you or a member of your immediate family holds an interest in the real estate but it is owned or recorded in a name other than your name or your immediate family member's name, list that name.

TYPE OF REAL ESTATE LOCATION OF REAL ESTATE (CITY OR COUNTY, STATE, AND COUNTRY) NAME OR NAMES IN WHICH REAL ESTATE IS OWNED OR RECORDED
Farms Virginia Beach, VA William R DeSteph, Jr
Homes Virginia Beach, VA William R DeSteph, Jr
Various Properties Virginia Beach, VA William R DeSteph, Jr
Buildings Virginia Beach, VA William R DeSteph, Jr
Houses Corolla, NC William R DeSteph, Jr
Houses Chesapeake, VA William R DeSteph, Jr
House Arlington, VA William R DeSteph, Jr
Farm Knotts Island, NC William R DeSteph, Jr
Houses/Property Tulum, Mexico William R DeSteph, Jr
Home/Buildings Washington, DC William R DeSteph, Jr
Home/Buildings New York, NY William R DeSteph, Jr
Condominium Richmond, VA William R DeSteph, Jr
Homes/Farms Lone Jack, MO William R DeSteph, Jr
Various Investment Properties Virginia Beach, VA REDACTED
Buildings/Land Norfolk, VA REDACTED
Various Investment Properties Various Cities in VA REDACTED

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General Assembly Statement of Economic Interests

SCHEDULE G

GIFTS

NAME: William R. DeSteph, Jr.

QUESTION:

Did you or a member of your immediate family receive from any lobbyist or lobbyist’s principal any gift or combination of gifts with a value exceeding $50 during the prior calendar year?

DO NOT INCLUDE gifts with a value of less than $20. Such items are exempted from the definition of a gift and should not be aggregated together or reported.

Yes [X]
No [ ]
If yes, complete the table below.

INSTRUCTIONS:

Disclose each lobbyist or lobbyist principal that, during the prior calendar year, gave you or a member of your immediate family any gift or combination of gifts with a value exceeding $50.

Identify the recipient and donor of each such gift. Disclose the exact gift or event, the date on which you accepted it, and the value of the gift. If an exemption from the $100 gift cap established in § 30-103.1 applies, mark the applicable exemption.

NAME OF RECIPIENT NAME OF DONOR EXACT GIFT OR EVENT DATE ACCEPTED VALUE GIFT CAP EXEMPTION
William R DeSteph, Jr. Colonial Williamsburg Foundation Dinner & Reception Commemorative Joint Session 1/30/2106 $165 Widely attended event
Virginia Conflict of Interest and Ethics Advisory Council