South Dakota § 3-23-7 Officials with contract authority--Description of direct benefit from contract.

South Dakota Statutes

§ 3-23-7 — Officials with contract authority--Description of direct benefit from contract.

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

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 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 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 school district or cooperative education service unit.

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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 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 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 school district or cooperative education service unit.

South Dakota § 3-23-7 (Officials with contract authority--Description of direct benefit from contract.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.