Officials with contract authority--Description of direct benefit from contract

A 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. Source: SL 2016, ch 33 , § 7; SL 2017, ch 31 , § 11; SL 2021, ch 73 , § 24.