Section 3-23-2.2 - Circumstances under which state authority, board, or commission member does not derive direct benefit from or have interest in contractA state authority, board, or commission member does not derive a direct benefit from or have an interest in a contract:
(1) Based solely on the value associated with the member's publicly-traded investments or holdings, or the investments or holdings of any other person with whom the member lives or commingles assets;(2) By participating in a vote or a decision in which the member's only interest arises from an act of general application;(3) If the member is a state employee and is authorized to enter into the contract pursuant to §§ 5-18A-17 through 5-18A-17.6, inclusive;(4) If the contract is for the sale of goods, or for maintenance or repair services, in the regular course of business at or below a price offered to all customers;(5) If the contract is subject to a public bidding process; or(6) If the contract is for the deposit of public funds in a financial institution as otherwise authorized by law.