3-23-2. Circumstances under which state authority, board, or commission member derives direct benefit.
An elected or appointed member of a state authority, board, or commission derives a direct benefit from a contract if the member, the member's spouse, or any other person with whom the member lives or commingles assets:
(1)Is a party to or intended beneficiary of the contract;
(2)Has more than a five percent ownership interest in an entity that is a party to the contract;
(3)Acquires property under the contract; or
(4)Will receive from the contracting party compensation, commission, promotion, or other monetary benefit that is directly attributable to the contract.
Source: SL 2016, ch 33, §2; SL 2017, ch 31, §3.