(a) Disclosure of Benefit Received from Contract. Any employee who has or obtains any benefit from any state contract with a business in which the employee has a financial interest shall report such benefit to the Secretary of the Department of Finance and Administration. However, this section shall not apply to a contract with a business where the employee's interest in the business has been placed in a disclosed blind trust.
(b) Failure to Disclose Benefit Received. Any employee who knows or should have known of such benefit and fails to report the benefit to the secretary is in breach of the ethical standards of this section.
Structure Arkansas Code
Chapter 11 - Purchasing and Contracts
§ 19-11-703. Statement of policy
§ 19-11-704. General standards of ethical conduct
§ 19-11-705. Employee conflict of interest
§ 19-11-706. Employee disclosure requirements
§ 19-11-707. Gratuities and kickbacks
§ 19-11-708. Prohibition against contingent fees
§ 19-11-709. Restrictions on employment of present and former employees — Definition
§ 19-11-710. Use of confidential information
§ 19-11-711. Public access to procurement information
§ 19-11-712. Civil and administrative remedies against employees who breach ethical standards
§ 19-11-713. Civil and administrative remedies against nonemployees who breach ethical standards
§ 19-11-714. Recovery of value transferred or received in breach of ethical standards
§ 19-11-715. Duties of Secretary of the Department of Finance and Administration
§ 19-11-716. Participation in business incubators — Rules and guidelines
§ 19-11-717. State-supported institutions of higher education
§ 19-11-718. Special state employees — Conflicts of interest — Definitions