§ 5-16-11-5.5 — Conflicts of interest; consultants

Indiana § 5-16-11-5.5

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 16: PUBLIC WORKS
• Ch. 11: Disclosure of Economic Interests by Consultants in

Text

5. (a) A consultant has a conflict of interest
if any of the following apply:
(1) The entity has given a gift or gifts:
(A) to the consultant, the consultant's spouse, or the consultant's
unemancipated children;
(B) that have a total fair market value of more than one hundred
dollars ($100); and
(C) within the preceding year.
(2) The consultant, the consultant's spouse, or the consultant's
unemancipated children have an equitable or a legal interest in
real property the value of which:
(A) either:
(i) is at least five thousand dollars ($5,000); or
(ii) comprises at least ten percent (10%) of the net worth of
the consultant, the consultant's spouse, or the consultant's
unemancipated children; and
(B) has been or would be increased or decreased if a contract
were awarded to the entity.
(3) The consultant or the consultant's spouse is employed by the
entity.
(4) The entity is the sole proprietorship or professional practice of
the consultant or the consultant's spouse.
(5) The consultant or the consultant's spouse is a partner in the
entity.
(6) The consultant or the consultant's spouse is an officer or a
director of the entity.
(7) The consultant, the consultant's spouse, or the consultant's
unemancipated children own stock or options to purchase stock
in the entity and the stock or the options to purchase stock have
a fair market value of more than ten thousand dollars ($10,000).
This subdivision does not apply to the following:
(A) Time deposits or demand deposits in a financial institution.
(B) An insurance policy.

Legislative History

As added by P.L.52-1991, SEC.3.