(a) A legislator who is required to take an action in the discharge of his or her official duties that may affect his or her financial interest or cause financial benefit or detriment to him or her, or a business in which he or she is an officer, director, stockholder owning more than ten percent (10%) of the stock of the company, owner, trustee, partner, or employee, which is distinguishable from the effects of the action on the public generally or a broad segment of the public, shall:
(1) Prepare a written statement describing the matter requiring action and stating the potential conflict; and
(2)
(A) Deliver a copy of the statement to the appropriate official to be filed with the statement of financial interest.
(B) The copy of the statement may be delivered in person by the public official, by mail, or by a person authorized by the public official to deliver the copy.
(b) The obligation to report a potential conflict of interest under this section arises as soon as the legislator is aware of the conflict.
(c) If the statement of financial interest filed by the legislator makes the conflict readily apparent, then no report need be filed.