(1) Proof beyond a reasonable doubt of commission of any act enumerated in this section is proof that the actor has breached his fiduciary duty.
(2) A public officer or a state employee shall not:
Engage in a substantial financial transaction for his private business purposes with aperson whom he inspects, regulates, or supervises in the course of his official duties;
Assist any person for a fee or other compensation in obtaining any contract, claim,license, or other economic benefit from his agency;
Assist any person for a contingent fee in obtaining any contract, claim, license, orother economic benefit from any state agency; or
Perform an official act directly and substantially affecting to its economic benefit abusiness or other undertaking in which he either has a substantial financial interest or is engaged as counsel, consultant, representative, or agent.
A head of a principal department or a member of a quasi-judicial or rule-makingagency may perform an official act notwithstanding paragraph (d) of subsection (2) of this section if his participation is necessary to the administration of a statute and if he complies with the voluntary disclosure procedures under section 24-18-110.
Repealed.
Source: L. 88: Entire article added, p. 903, § 1, effective July 1. L. 91: (4) repealed, p. 837, § 2, effective March 29.