Section 8. Contracting limitations.
(a) General rule.--No contract shall be awarded under this act until the contracting parties certify and the agency is satisfied that no Commonwealth official or employee, including any official or employee of the State System of Higher Education, possesses a financial interest in the contract or has any interest which is prohibited by the State Adverse Interest Act. Any contract in which a Commonwealth official or employee possesses an interest prohibited under this section shall be void.
(b) Definitions.--As used in this section, the following words and phrases shall have the meanings given to them in this subsection:
"Business with which he is associated." A business in which the Commonwealth official or employee or a member of his immediate family is a director, officer, owner or employee or has a financial interest.
"Commonwealth official or employee." The term includes any member of the official's or employee's immediate family and any business with which he is associated.
"Financial interest." A financial interest in a legal entity engaged in business for profit which comprises more than 5% of the equity of the business or more than 5% of the assets of the economical interests in indebtedness.
"Immediate family." A parent, spouse or child.
(8 repealed and added Dec. 22, 1993, P.L.557, No.80)