South Dakota § 3-23-2 Circumstances under which state authority, board, or commission member derives direct benefit.

South Dakota Statutes

§ 3-23-2 — Circumstances under which state authority, board, or commission member derives direct benefit.

South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-20 CONFLICTS OF INTEREST

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.

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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.

South Dakota § 3-23-2 (Circumstances under which state authority, board, or commission member derives direct benefit.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.