53G-5-409. Regulated transactions and relationships -- Definitions -- Rulemaking.
(1) As used in this section: "Charter school officer" means: a member of a charter school's governing board; a member of a board or an officer of a nonprofit corporation under which a charter school is organized and managed; or the chief administrative officer of a charter school. "Employment" means a position in which a person's salary, wages, pay, or compensation, whether as an employee or contractor, is paid from charter school funds. "Employment" does not include a charter school volunteer. "Relative" means a father, mother, husband, wife, son, daughter, sister, brother, uncle, aunt, nephew, niece, first cousin, mother-in-law, father-in-law, brother-in-law, sister-in-law, son-in-law, or daughter-in-law.
(2) Except as provided in Subsection, a relative of a charter school officer may not be employed at a charter school. (2)(b) If a relative of a charter school officer is to be considered for employment in a charter school, the charter school officer shall: disclose the relationship, in writing, to the other charter school officers; submit the employment decision to the charter school's governing board for the approval, by majority vote, of the charter school's governing board; abstain from voting on the issue; and be absent from the portion of the meeting where the employment is being considered and determined.
(3) Except as provided in Subsectionsand, a charter school officer or a relative of a charter school officer may not have a financial interest in a contract or other transaction involving a charter school in which the charter school officer serves as a charter school officer. (3)(b) (3)(c) If a charter school's governing board considers entering into a contract or executing a transaction in which a charter school officer or a relative of a charter school officer has a financial interest, the charter school officer shall: disclose the financial interest, in writing, to the other charter school officers; submit the contract or transaction decision to the charter school's governing board for the approval, by majority vote, of the charter school's governing board; abstain from voting on the issue; and be absent from the portion of the meeting where the contract or transaction is being considered and determined. The provisions in Subsectiondo not apply to a reasonable contract of employment for: (3)(a) the chief administrative officer of a charter school; or a relative of the chief administrative officer of a charter school whose employment is approved in accordance with the provisions in Subsection. (2)
(4) The state board or State Charter School Board may not operate a charter school.