- Associated Press - Wednesday, March 18, 2015

JUNEAU, Alaska (AP) - Gov. Bill Walker and his wife each reported income of between $100,000 and $200,000 from the sale of their law firm.

The information is included on the financial disclosure form that Walker filed Sunday. The report, required for certain public officials, allows for a range to be given for income and gifts. It states that the firm was sold Dec. 1, the day that Walker took office.

The Walkers each reported between $200,000 and $500,000 in capital gains on the sale of business properties.

Walker spokeswoman Grace Jang said by email that the Walkers’ Bootlegger Cove LLC owned what she called the prime downtown property that housed the firm and another business condo. The capital gains are from the sale of those units, she said. Bootlegger Cove has since dissolved.

The Walkers maintain interests in other real estate, according to the report.

The report also lists rental income and dividends for the couple last year.

The Walkers each reported non-passive income of between $200,000 and $500,000 from the firm in 2013. Jang said that refers to the Walkers’ income from the law firm, Walker Richards LLC, of which Walker and his wife, Donna, were the owners. A major client was the city of Valdez.

Craig Richards, whom Walker appointed to be his attorney general, had been a partner in the firm. The report lists Richards in a section for close economic associations. The report states that Richards did not have an ownership interest in the firm but derived income from it.

During a confirmation hearing Wednesday, Richards said he received one-third of the proceeds from the sale of the firm. He said afterward that that was included in the $200,000 to $500,000 of income he reported on his disclosure from his relationship with Walker Richards. He also listed the governor in a section for close economic associations, noting his affiliation with the firm.

Walker, in his filing, referred to the LLC as Walker Richards; Richards referred to it as Walker & Richards.

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