3-23-6Local service agencies, school districts, and cooperative education service units--Board members and others with authority to contract prohibited under certain circumstances from having interest in or deriving direct benefit from contract.

No board member, business manager, chief financial officer, superintendent, chief executive officer, or other person with the authority to enter into a contract or spend money in an amount greater than five thousand dollars of a local service agency, school district, cooperative education service unit, or jointly governed education service entity that receives money from or through the state may have an interest in a contract nor receive a direct benefit from a contract in amount greater than five thousand dollars or multiple contracts in an amount greater than five thousand dollars with the same party within a twelve-month period to which the local service agency, school district, or cooperative education service unit is a party except as provided in § 3-23-8.

Source: SL 2016, ch 33, § 6; SL 2017, ch 31, § 10; SL 2017, ch 74, § 1.