10-3-1312. Violation of disclosure requirements -- Penalties -- Rescission of prohibited transaction.
If a transaction is entered into in connection with a violation of Section,,, or, the municipality:
(1) shall dismiss or remove the officer or municipal employee who knowingly and intentionally violates this part from employment or office; and
(2) may rescind or void a contract or subcontract entered into pursuant to that transaction without returning any part of the consideration received by the municipality.