(1) A public servant commits failing to disclose a conflict of interest if he exercises
any substantial discretionary function in connection with a government contract, purchase,
payment, or other pecuniary transaction without having given seventy-two hours' actual
advance written notice to the secretary of state and to the governing body of the
government which employs the public servant of the existence of a known potential
conflicting interest of the public servant in the transaction with reference to which
he is about to act in his official capacity.
(2) A “potential conflicting interest” exists when the public servant is a director, president, general manager, or similar
executive officer or owns or controls directly or indirectly a substantial interest
in any nongovernmental entity participating in the transaction.
(3) Failing to disclose a conflict of interest is a class 2 misdemeanor.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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