The Local Finance Board in the Division of Local Government Services in the Department
of Community Affairs shall have jurisdiction to govern and guide the conduct of local
government officers or employees regarding violations of the provisions of this act
who are not otherwise regulated by a county or municipal code of ethics promulgated
by a county or municipal ethics board in accordance with the provisions of this act. Local government officers or employees serving a local government agency created
by more than one county or municipality and officers or employees of county colleges established pursuant to N.J.S.18A:64A-1 et seq. shall be under the jurisdiction of the board. The board in interpreting and applying the provisions of this act shall recognize
that under the principles of democracy, public officers and employees cannot and should
not be expected to be without any personal interest in the decisions and policies
of government; that citizens who are government officers and employees have a right
to private interests of a personal, financial and economic nature; and that standards
of conduct shall distinguish between those conflicts of interest which are legitimate
and unavoidable in a free society and those conflicts of interest which are prejudicial
and material and are, therefore, corruptive of democracy and free society.
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