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.