South Dakota Codified Laws
Chapter 23 - Conflicts Of Interest
Section 3-23-2 - Circumstances under which state authority, board, or commission member derives direct benefit.

3-23-2. Circumstances under which state authority, board, or commission member derives direct benefit.
An elected or appointed member of a state authority, board, or commission derives a direct benefit from a contract if the member, the member's spouse, or any other person with whom the member lives or commingles assets:
(1)Is a party to or intended beneficiary of the contract;
(2)Has more than a five percent ownership interest in an entity that is a party to the contract;
(3)Acquires property under the contract; or
(4)Will receive from the contracting party compensation, commission, promotion, or other monetary benefit that is directly attributable to the contract.

Source: SL 2016, ch 33, §2; SL 2017, ch 31, §3.

<< Previous

Next >>

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 3 - Public Officers and Employees

Chapter 23 - Conflicts Of Interest

Section 3-23-1 - State authority, board, and commission members prohibited from having interest in or deriving direct benefit from contract.

Section 3-23-1.1 - Definitions.

Section 3-23-2 - Circumstances under which state authority, board, or commission member derives direct benefit.

Section 3-23-2.1 - Circumstances under which state authority, board, or commission member has interest in contract.

Section 3-23-2.2 - Circumstances under which state authority, board, or commission member does not derive direct benefit from or have interest in contract.

Section 3-23-3 - Circumstances under which state authority, board, or commission may authorize member to derive direct benefit from contract.