§ 6-5-118 — Conflict of interest; public investments; disclosure required; penalty; definitions

(a) No public servant who invests public funds for a unit
of government, or who has authority to decide how public funds
are invested, shall transact any personal business with, receive
any pecuniary benefit from or have any financial interest in any
entity, other than a governmental entity, unless he has
disclosed the benefit or interest in writing to the body of
which he is a member or entity for which he is working.
Disclosures shall be made annually in a public meeting and shall
be made part of the record of proceedings. The public servant
shall make the written disclosure prior to investing any public
funds in any entity, other than a governmental entity, which:
(i) Provides any services related to investment of
funds by that same unit of government; or
(ii) Has a financial interest in any security or
other investment made by that unit of government.
(b) A violation of subsection (a) of this section is a
misdemeanor punishable by imprisonment for not more than six (6)
months, a fine of not more than seven hundred fifty dollars
($750.00), or both.
(c) The definitions in W.S. 6-5-101 shall apply to this
section except "pecuniary benefit" shall also include benefits
in the form of services such as, but not limited to,
transportation and lodging. As used in this section, "personal
business" means any activity that is not a governmental function
as defined in W.S. 6-5-101(a)(ii).