3-23-7. Officials with contract authority--Description of direct benefit from contract.
A person described in §3-23-6 derives a direct benefit from a contract if the person, the person's spouse, or any other person with whom the person lives and commingles assets:
(1)Is a party to or intended beneficiary of any contract held by the school district or cooperative education service unit;
(2)Has more than a five percent ownership interest in an entity that is a party to any contract held by the school district or cooperative education service unit;
(3)Acquires property under the contract; or
(4)Will receive compensation, commission, promotion, or other monetary benefit directly attributable to any contract with the school district or cooperative education service unit.
Source: SL 2016, ch 33, §7; SL 2017, ch 31, §11; SL 2021, ch 73, § 24.