3-23-7Circumstances under which local board members and others with authority to contract derive 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 local service agency, 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 local service agency, 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 local service agency, school district, or cooperative education service unit.

Source: SL 2016, ch 33, § 7; SL 2017, ch 31, § 11.