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Indiana Code Title 5. State and Local Administration § 5-16-11-5.5

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 5.5. (a) A consultant has a conflict of interest if any of the following apply:

(1) The entity has given a gift or gifts:

(A) to the consultant, the consultant's spouse, or the consultant's unemancipated children;

(B) that have a total fair market value of more than one hundred dollars ($100);  and

(C) within the preceding year.

(2) The consultant, the consultant's spouse, or the consultant's unemancipated children have an equitable or a legal interest in real property the value of which:

(A) either:

(i) is at least five thousand dollars ($5,000);  or

(ii) comprises at least ten percent (10%) of the net worth of the consultant, the consultant's spouse, or the consultant's unemancipated children;  and

(B) has been or would be increased or decreased if a contract were awarded to the entity.

(3) The consultant or the consultant's spouse is employed by the entity.

(4) The entity is the sole proprietorship or professional practice of the consultant or the consultant's spouse.

(5) The consultant or the consultant's spouse is a partner in the entity.

(6) The consultant or the consultant's spouse is an officer or a director of the entity.

(7) The consultant, the consultant's spouse, or the consultant's unemancipated children own stock or options to purchase stock in the entity and the stock or the options to purchase stock have a fair market value of more than ten thousand dollars ($10,000).  This subdivision does not apply to the following:

(A) Time deposits or demand deposits in a financial institution.

(B) An insurance policy.

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Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-16-11-5.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-16-11-5-5/

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