Section 3-23-7 - Officials with contract authority-Description of direct benefit from contractA person described in § 3-23-6 derives a direct benefit from a contract if the person, the person's spouse, or any other person with whom the person lives and commingles assets:
(1) Is a party to or intended beneficiary of any contract held by the school district or cooperative education service unit;(2) Has more than a five percent ownership interest in an entity that is a party to any contract held by the school district or cooperative education service unit;(3) Acquires property under the contract; or(4) Will receive compensation, commission, promotion, or other monetary benefit directly attributable to any contract with the school district or cooperative education service unit.SL 2016, ch 33, §7; SL 2017, ch 31, §11; SL 2021, ch 73, §24.Amended by S.L. 2021, ch. 73,s. 24, eff. 7/1/2021.