South Dakota § 3-23-6 School districts and cooperative education service units--Officials with contract authority--Prohibitions on interest in or direct benefit from contract.

South Dakota Statutes

§ 3-23-6 — School districts and cooperative education service units--Officials with contract authority--Prohibitions on interest in or direct benefit from contract.

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

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 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 school district or cooperative education service unit is a party except as provided in § 3-23-8 .

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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 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 school district or cooperative education service unit is a party except as provided in § 3-23-8 .

South Dakota § 3-23-6 (School districts and cooperative education service units--Officials with contract authority--Prohibitions on interest in or direct benefit from contract.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.