Nevada’s Heller reports assets of more than $2 million

WASHINGTON — Investments by Rep. Dean Heller’s wife, Lynne, made up the bulk of the Heller family’s assets in 2006, according to financial disclosure reports released Thursday.

Heller, R-Nev., reported assets of between about $2.11 million and $2.86 million in his first annual financial filing as a member of Congress. Of that, at least $1.97 million was in property and municipal bonds owned by Lynne Heller.

Lawmakers are allowed to report their wealth in broad ranges that make it difficult to pinpoint exact financial wealth.

However, Heller provided more detail than is required with a two-page supplement that breaks down his wife’s interests in the Brombach Family Limited Partnership.

Lynne Heller’s assets as part of that partnership were listed as $1,468,040 last year, all in municipal bonds issued by 27 California entities. The largest of the investments was $109,043 in Los Angeles school district bonds.

Lynne Heller made $74,931 in interest from the bonds.

Heller also listed Los Angeles rental property owned by his wife valued between $500,001 and $1 million. Income from rent on the property last year was between $15,001 and $50,000.

The couple jointly owns two life insurance policies worth between $16,000 and $65,000, and the value of a joint bank account was listed at between $1,000 and $15,000.

Four other bank accounts worth a total of between $116,000 and $265,000 are in the names of the Hellers’ children, according to the report.

The congressman also listed as an asset a loan to the Heller for Congress campaign valued between $15,000 and $50,000.

Heller made $78,265 last year as Nevada’s secretary of state. He listed a $4,509 salary from the Carson City School District for his wife.

Heller’s congressional salary is $165,200 annually.

He listed between $10,000 and $15,000 in credit card debt, the only liability disclosed in the report.

Lawmakers are not required to list their primary residence as either an asset or liability. Debts of less than $10,000 also do not have to be disclosed.

Heller’s report was among hundreds made public by the clerk of the House. Other Nevada lawmakers made their reports available earlier this month, except for Rep. Jon Porter, R-Nev., who was granted an extension.